Okun's Law: Fit at 50?

WP/13/10

Nopic
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 isa strong and stable relationship in most countries, one that did not change substantiallyduring the Great Recession. Accounts of breakdowns in the Law, such as the... READ MORE...

Publication date: January 2013
ISBN 9781475574265
$18.00

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Publication date: January 2013

English