scholarly journals A dynamic version of Okun’s law in the EU15 countries ‐ The role of delays in the unemployment‐output nexus

2021 ◽  
Author(s):  
Thomas Obst
Keyword(s):  
Okun’S Law ◽  
Okun's Law ◽  
Dynamic Version

The role of spatial GDP spillovers in state-level Okun’s law

2017 ◽  
Vol 10 (3) ◽  
pp. 353-360
Author(s):  
Arabinda Basistha ◽  
Casto Martin Montero Kuscevic
Keyword(s):  
State Level ◽  
Okun’S Law ◽  
Okun's Law

Unemployment in Spain: The failure of wage devaluation

2021 ◽  
pp. 103530462110238
Author(s):  
Paloma Villanueva ◽  
Luis Cárdenas
Keyword(s):  
Gross Domestic Product ◽  
Unemployment Rate ◽  
Domestic Product ◽  
Okun’S Law ◽  
Okun's Law ◽  
Labour Relations ◽  
The Great Recession ◽  
Negative Effect ◽  
Positive Effect

This article analyses from a Keynesian approach the effect of wage devaluation on the Spanish labour market during the Great Recession post-2008. It challenges the pro-flexibility literature, which attributes to labour relations reforms the prevention of larger job destruction in the recession and a larger reduction in unemployment during the subsequent expansion. Instead, we examine the role of wage devaluation in the operation of Okun’s law and gross domestic product, using an extended version of the Bhaduri–Marglin model. We find that wage devaluation has not significantly modified Okun’s law and that through its impact on income distribution, the unemployment rate rose by 1.9 percentage points. We therefore provide evidence for the negative effect of wage devaluation on gross domestic product and the positive effect on the unemployment rate. JEL Codes: C22, E11, E24

scholarly journals Test of Okun’s Law in Some Asian Countries Co-Integration Approach

2010 ◽  
Author(s):  
Irfan Lal ◽  
Sulaiman D. Muhammad ◽  
M. Anwar Jalil ◽  
Adnan Hussain
Keyword(s):  
Asian Countries ◽  
Okun’S Law ◽  
Okun's Law ◽  
Integration Approach

The paper-bill spread and Blanchard's version of Okun's law

1997 ◽  
Vol 4 (7) ◽  
pp. 437-440 ◽  
Author(s):  
Christian E. Weber
Keyword(s):  
Okun’S Law ◽  
Okun's Law

Unemployment and output dynamics in CIS countries: Okun’s law revisited

2016 ◽  
Vol 49 (34) ◽  
pp. 3453-3479 ◽  
Author(s):  
Marat Ibragimov ◽  
Rustam Ibragimov
Keyword(s):  
Okun’S Law ◽  
Okun's Law ◽  
Cis Countries ◽  
In Cis

scholarly journals Okun’s Law: A Meaningful Guide for Monetary Policy?

2012 ◽  
Vol 2012 (15) ◽  
Author(s):  
Yi Wen ◽  
Mingyu Chen
Keyword(s):  
Monetary Policy ◽  
Okun’S Law ◽  
Okun's Law
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