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

Jim Malley; Hassan Molana

doi:10.1016/j.econlet.2008.06.013

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

Jim Malley
, Hassan Molana

Research output: Contribution to journal › Article › peer-review

33 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 language	English
Pages (from-to)	113-115
Number of pages	3
Journal	Economics Letters
Volume	101
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2008.06.013
Publication status	Published - Nov 2008

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Okun's law
Kalman filter

Access to Document

10.1016/j.econlet.2008.06.013

Cite this

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

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.",

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AB - 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.

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KW - Kalman filter

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DO - 10.1016/j.econlet.2008.06.013

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