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 language | English |
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Pages (from-to) | 113-115 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 101 |
Issue number | 2 |
DOIs | |
Publication status | Published - Nov 2008 |
Keywords
- Okun's law
- Kalman filter