Pregled bibliografske jedinice broj: 997876
Estimates of Okun's law using a new output gap measure
Estimates of Okun's law using a new output gap measure // Economics Bulletin, 39 (2019), 2; 929-936 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 997876 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Estimates of Okun's law using a new output gap measure
Autori
Arčabić, Vladimir ; Olson, Eric
Izvornik
Economics Bulletin (1545-2921) 39
(2019), 2;
929-936
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
Okun's law ; output gap ; Hamilton filter ; HP filter
Sažetak
This paper analyzes new measures for output and unemployment gaps proposed by Hamilton (2017) and estimates Okun's law. We compare the Hamilton (2017) approach to the popular Hodrick and Prescott (1997) filter. Our results show that HP filter tends to underestimate the magnitude of Okun's law relationship across 20 OECD countries.
Izvorni jezik
Engleski
POVEZANOST RADA
Projekti:
HRZZ-UIP-2017-05-6785 - Osnivanje i razvoj Centra za strukturno i nelinearno makroekonomsko modeliranje (MacroHub) (MACROHUB) (Globan, Tomislav, HRZZ - 2017-05) ( CroRIS)
Ustanove:
Ekonomski fakultet, Zagreb
Profili:
Vladimir Arčabić
(autor)
Citiraj ovu publikaciju:
Časopis indeksira:
- Web of Science Core Collection (WoSCC)
- Emerging Sources Citation Index (ESCI)
- Scopus
- EconLit
