Hsing, Yu - In: Eastern Economic Journal 17 (1991) 4, pp. 409-416
effect of a change in the GNP gap on the unemployment rate varies from -0.280 in 1969.1 to -0.801 in 1982.4; the effect is … larger (smaller) when the unemployment rate is higher (lower); and the linear form can be rejected at the 1 percent level. To … reduce the unemployment rate by one percentage point in 1982.Q4, the author may overestimate the increase in actual real GNP …