Does Okun's law suffer from COVID-19? Evidence from Europe and the US - A research note

We analyse the effect of COVID-19 on the Okun's law relationship for several EU countries and the US. Results are based on regressions and a systematic DF-Beta analysis. Our results indicate that the year 2020 is an outlier in the Okun relationship. However, the direction of change is different in the European countries compared to the US.

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Year of publication:	2023
Authors:	Russnak, Jan ; Stadtmann, Georg ; Zimmermann, Lilli
Publisher:	Frankfurt (Oder) : European University Viadrina, Department of Business Administration and Economics
Subject:	Okun's law \| Covid-19 \| Outliers

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Series:	Discussion Paper ; 428
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.11584/opus4-1294 [DOI] 1850557314 [GVK] hdl:10419/273065 [Handle] RePEc:zbw:euvwdp:428 [RePEc]
Classification:	E30 - Prices, Business Fluctuations, and Cycles. General ; J60 - Mobility, Unemployment, and Vacancies. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10014305027