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- W3148069543 abstract "This paper provides a new and useful framework for developing various models to investigate the output-unemployment relationship. By using this framework, a simple but reasonable theoretical background to Okun’s law is derived. This theoretical background, in turn, facilitates the decomposition of Okun’s law coefficient into several quantifiable and interpretable components that incorporate main insights from Arthur Okun’s original analysis. The empirical decomposition exercise indicates that Okun’s law has an inherent tendency to vary substantially over time, especially, in response to the structural changes in legal, institutional and other related characteristics of labor and goods markets." @default.
- W3148069543 created "2021-04-13" @default.
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- W3148069543 date "2010-12-01" @default.
- W3148069543 modified "2023-09-27" @default.
- W3148069543 title "A New Framework for Output-Unemployment Relationship: Okun’s Law Revisited" @default.
- W3148069543 hasPublicationYear "2010" @default.
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