| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18668 |
| 来源ID | Working Paper 18668 |
| Okun's Law: Fit at Fifty? | |
| Laurence M. Ball; Daniel Leigh; Prakash Loungani | |
| 发表日期 | 2013-01-04 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper asks how well Okun's Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun's Law is a strong and stable relationship in most countries, one that did not change substantially during the Great Recession. Accounts of breakdowns in the Law, such as the emergence of "jobless recoveries," are flawed. We also find that the coefficient in the relationship - the effect of a one percent change in output on the unemployment rate - varies substantially across countries. This variation is partly explained by idiosyncratic features of national labor markets, but it is not related to differences in employment protection legislation. |
| 主题 | Macroeconomics ; Consumption and Investment ; Business Cycles |
| URL | https://www.nber.org/papers/w18668 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576342 |
| 推荐引用方式 GB/T 7714 | Laurence M. Ball,Daniel Leigh,Prakash Loungani. Okun's Law: Fit at Fifty?. 2013. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18668.pdf（674KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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