skip to content
Okun's Law : fit at fifty? Preview this item
ClosePreview this item
Checking...

Okun's Law : fit at fifty?

Author: Laurence M Ball; Daniel Leigh; Prakash Loungani; International Monetary Fund. Research Department.
Publisher: Washington, D.C. : International Monetary Fund, ©2013.
Series: IMF working paper, WP/13/10.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
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  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Links to this item

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Genre/Form: Electronic books
History
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Laurence M Ball; Daniel Leigh; Prakash Loungani; International Monetary Fund. Research Department.
ISBN: 9781475537352 1475537352
OCLC Number: 824813371
Notes: Title from title page (IMF Web site, viewed Jan. 22, 2013).
"Research Department."
"January 2013."
Description: 1 online resource (40 p.) : ill.
Series Title: IMF working paper, WP/13/10.
Responsibility: Laurence M. Ball, Daniel Leigh, Prakash Loungani.

Abstract:

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.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


<http://www.worldcat.org/oclc/824813371>
library:oclcnum"824813371"
library:placeOfPublication
library:placeOfPublication
rdf:typeschema:MediaObject
rdf:typeschema:Book
rdf:valueUnknown value: dct
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:about
schema:bookFormatschema:EBook
schema:contributor
schema:contributor
<http://viaf.org/viaf/167050747>
rdf:typeschema:Organization
schema:name"International Monetary Fund. Research Department."
schema:contributor
schema:copyrightYear"2013"
schema:creator
schema:datePublished"2013"
schema:description"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."
schema:exampleOfWork<http://worldcat.org/entity/work/id/1193380480>
schema:genre"History"
schema:genre"Electronic books"
schema:inLanguage"en"
schema:isPartOf
schema:name"Okun's Law fit at fifty?"
schema:publication
schema:publisher
schema:url<http://site.ebrary.com/id/10687642>
schema:url<http://oclc-marc.ebrary.com/Doc?id=10687642>
schema:url<http://www.imf.org/external/pubs/ft/wp/2013/wp1310.pdf>
schema:url<http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=548016>
schema:url<http://bibpurl.oclc.org/web/24285/2013/wp1310.pdf>
schema:workExample
wdrs:describedby

Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.