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

Jim Malley, Hassan Molana

    Research output: Contribution to journalArticlepeer-review

    21 Citations (Scopus)

    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. (C) 2008 Elsevier B.V. All rights reserved.

    Original languageEnglish
    Pages (from-to)113-115
    Number of pages3
    JournalEconomics Letters
    Volume101
    Issue number2
    DOIs
    Publication statusPublished - Nov 2008

    Keywords

    • Okun's law
    • Kalman filter

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