奥肯定律:50年后依然适用?

Okun's Law: Fit at 50?

Journal of Money, Credit and Banking · 2017
被引 189 · 同刊同年前 2%
人大 A-ABS 4

中文导读

研究了奥肯定律在美国(1948年以来)和20个发达经济体(1980年以来)的短期失业波动中的拟合效果,发现该定律在多数国家关系强且稳定,但系数因国而异,且与就业保护立法无关。

Abstract

Abstract This paper asks how well Okun's Law fits short‐run unemployment movements in the United States since 1948 and in 20 advanced economies since 1980. We find that Okun's Law is a strong relationship in most countries, and one that is fairly stable over time. Accounts of breakdowns in the Law, such as the emergence of “jobless recoveries,” are flawed or exaggerated. We also find that the coefficient in the relationship—the effect of a 1% 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.

奥肯定律失业率产出缺口跨国比较