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Okun's Law

Okun's Law »

Source: Okun's Law : Fit at 50?

Volume/Issue: 2013/10

Series: IMF Working Papers

Author(s): Laurence Ball , Daniel Leigh , and Prakash Loungani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2013

ISBN: 9781475574265

Keywords: Unemploymnent, Okun&;amp;#x2019;s law, Economic fluctuations, employment, recession, unemployment rate, jobless, Economic fluctuations.,

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 m...

Regional Economic Outlook, April 2016, Western Hemisphere Department
			: Managing Transitions and Risks

Regional Economic Outlook, April 2016, Western Hemisphere Department : Managing Transitions and Risks »

Series: Regional Economic Outlook

Author(s): Hamid Faruqee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 April 2016

DOI: http://dx.doi.org/10.5089/9781498329996.086

ISBN: 9781498329996

Keywords: Latin America, Central America, Caribbean, Commodity price fluctuations, Currency exchange rates, Central banks, Exchange rate pass-through, Commodity prices, Exchange rate policy, Oil prices

The United States has seen an improvement in economic activity, driven by consumption, and has taken a first step toward gradual normalization of interest rates. The U.S. recovery continues to support activity in M...

Identifying the Common Component in International Economic Fluctuations

Identifying the Common Component in International Economic Fluctuations »

Source: Identifying the Common Component in International Economic Fluctuations : A New Approach

Volume/Issue: 1999/154

Series: IMF Working Papers

Author(s): Robin Lumsdaine , and Eswar Prasad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 1999

ISBN: 9781451857214

Keywords: Economic Fluctuations, International and European Business Cycles, Autoregressive Conditional Heteroskedasticty, common, correlations, statistics, correlation, statistic

This paper develops an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on so...

Currency Unions, Economic Fluctuations, and Adjustment

Currency Unions, Economic Fluctuations, and Adjustment »

Source: Currency Unions, Economic Fluctuations, and Adjustment : Some New Empirical Evidence

Volume/Issue: 1996/81

Series: IMF Working Papers

Author(s): Eswar Prasad , and Tamim Bayoumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 1996

ISBN: 9781451955163

Keywords: Currency unions, economic fluctuations, labor market adjustment, labor market, dummy variables, explanatory power, labor markets

This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in these two economic areas. Comparable datasets comprising 1...

Transmission of Domestic and External Shocks through Input-Output Network: Evidence from Korean Industries1

Transmission of Domestic and External Shocks through Input-Output Network: Evidence from Korean Industries1 »

Source: Transmission of Domestic and External Shocks through Input-Output Network: Evidence from Korean Industries

Volume/Issue: 2019/117

Series: IMF Working Papers

Author(s): Dongyeol Lee

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 May 2019

ISBN: 9781498315821

Keywords: Economic stabilization, Economic growth, Supply and demand, Business cycles, Manufacturing sector, Transmission of Shocks, Vertical Linkage, Trade Linkage, Aggregate Fluctuations, Korean economy

In the last two decades, manufacturing industries in Korea have become more concentrated, and interconnectedness across industries and to foreign countries has risen via vertical relationships and trade linkages. T...

Growth and Jobs in Developing Economies: Trends and Cycles1

Growth and Jobs in Developing Economies: Trends and Cycles1 »

Source: Growth and Jobs in Developing Economies: Trends and Cycles

Volume/Issue: 2017/257

Series: IMF Working Papers

Author(s): Zidong An , Tayeb Ghazi , and Nathalie Gonzalez Prieto

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 November 2017

ISBN: 9781484329627

Keywords: Employment, Structural Breaks; Okun’;s Law; Economic Fluctuations; Okun&;amp;#x2019;s Law; Labor Force and Employment; Size; and Structure

This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middle-income countries along two dimensions: growth patterns and short-run co...

Evolution and Performance of Exchange Rate Regimes1

Evolution and Performance of Exchange Rate Regimes1 »

Source: Evolution and Performance of Exchange Rate Regimes

Volume/Issue: 2003/243

Series: IMF Working Papers

Author(s): Aasim Husain , Ashoka Mody , Nienke Oomes , Robin Brooks , and Kenneth Rogoff

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2003

ISBN: 9781451875843

Keywords: economic performance, exchange rate, inflation, exchange rate regime, exchange rates, International Monetary Arrangements and Institutions, Macroeconomic Aspects of International Trade and Finance, Prices, Business Fluctuations, and Cycles,

Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid...

Inflation Targeting and the Crisis

Inflation Targeting and the Crisis »

Source: Inflation Targeting and the Crisis : An Empirical Assessment

Volume/Issue: 2010/45

Series: IMF Working Papers

Author(s): Irineu de Carvalho Filho

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2010

ISBN: 9781451963045

Keywords: economic crisis, inflation, terms of trade, real interest rates, Macroeconomics and Monetary Economics: General, Business Fluctuations, And Cycles, money And Interest Rates,

This paper appraises how countries with inflation targeting fared during the current crisis, with the goal of establishing the stylized facts that will guide and motivate future research. We find that since August...

Tax Capacity and Growth: Is There a Tipping Point?

Tax Capacity and Growth: Is There a Tipping Point? »

Source: IMF Research Bulletin, December 2016

Volume/Issue: 17/4

Series: IMF Research Bulletin

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2016

ISBN: 9781475567083

Keywords: Public finance, Productivity, Economic growth, Globalization, Governance, Fluctuating oil revenues, tax capacity, growth, tax-to-GDP levels, shale

The Research Summaries in this issue of the IMF Research Bulletin cover 'Tax Capacity and Growth' (by Vitor Gaspar, Laura Jaramillo, and Philippe Wingender), and 'U.S. Shale Revolution and Its Spillover Effects on...

Research Summaries: U.S. Shale Revolution and Its Spillover Effects on the Global Economy

Research Summaries: U.S. Shale Revolution and Its Spillover Effects on the Global Economy »

Source: IMF Research Bulletin, December 2016

Volume/Issue: 17/4

Series: IMF Research Bulletin

Author(s): International Monetary Fund. Research Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 December 2016

ISBN: 9781475567083

Keywords: Public finance, Productivity, Economic growth, Globalization, Governance, Fluctuating oil revenues, tax capacity, growth, tax-to-GDP levels, shale

The Research Summaries in this issue of the IMF Research Bulletin cover 'Tax Capacity and Growth' (by Vitor Gaspar, Laura Jaramillo, and Philippe Wingender), and 'U.S. Shale Revolution and Its Spillover Effects on...