Output, unemployment and Okun's law: Some evidence from the G7

Jim Malley and Hassan Molana

Economics Letters, 2008, vol. 101, issue 2, 113-115

Abstract: An economy may move between 'high-effort' and 'low-effort' states. Our estimates of the threshold unemployment rate which separates these states are significantly positive for G7 countries; only German data exhibit tendency to being persistently in the high-effort state.

Keywords: Okun's; law; Kalman; filter (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (28)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:2:p:113-115

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