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Okun's law in the US: New insights in time and frequency

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  • Mutascu, Mihai
  • Sokic, Alexandre

Abstract

This paper investigates the direction of co-movement between cyclical components of unemployment and output in the US by using the wavelet methodology over the period 1948Q1−2020Q4.

Suggested Citation

  • Mutascu, Mihai & Sokic, Alexandre, 2021. "Okun's law in the US: New insights in time and frequency," The Quarterly Review of Economics and Finance, Elsevier, vol. 82(C), pages 207-222.
    • Handle: RePEc:eee:quaeco:v:82:y:2021:i:c:p:207-222
    DOI: 10.1016/j.qref.2021.09.008
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    Cited by:

    1. Mutascu, Mihai & Sokic, Alexandre, 2023. "Air transportation under COVID-19 pandemic restrictions: A wavelet analysis," Transport Policy, Elsevier, vol. 139(C), pages 155-181.
    2. Magazzino, Cosimo & Mutascu, Mihai Ioan, 2022. "The Italian fiscal sustainability in a long-run perspective," The Journal of Economic Asymmetries, Elsevier, vol. 26(C).

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    More about this item

    Keywords

    Unemployment gap; Output gap; Okun's law; Wavelet; US;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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