Economia
Desemprego na luz da lei de Okun
Okun's law revisited. Is there structural unemployment in developed countries?
Authors:Ivan O. Kitov
(Submitted on 10 Jul 2011)
Abstract: Okun's law for the biggest developed countries is re-estimated using the most recent data on real GDP per capita and the rate of unemployment. Our results show that the change in unemployment rate can be predicted with a high accuracy. The link needs the introduction of a structural break which might be caused by the change in monetary policy or/and in measurement units. Statistically, the link between the studied variables is characterized by the coefficient of determination between 0.40 (Australia) and 0.84 (the USA). The residual errors can be associated with measurement errors. The obtained results suggest the absence of structural unemployment in the studied developed countries.
Mais
loading...
-
We Need To Recapitalize The Banks
É o título de um excelente artigo do Edmund Phelps no WSJ que recomendo: (http://online.wsj.com/article/SB122282719885793047.html) e do qual, para além das dúvidas quanto à eficácia do plano proposto (na linha do que tem vindo a ser dito por Krugman...
-
Brasil - Expectativas Não Realizadas
Past and Present: Brazil’s Unfulfilled Expectations
Industrial Growth and Structural Change: Brazil in a Long-Run Perspective
by Dante Aldrighi (
[email protected]) and Renato P. Colistete (
[email protected])
Abstract: This paper...
-
Fim Do Jogo
Endgame: The End of the Debt SuperCycle and How It Changes Everything
Greece isn’t the only country drowning in debt. The Debt Supercycle—when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis—is...
-
Modelo Keynesiano - Crítica Da Curva Is
WORKING PAPER SERIES NO 1236 / AUGUST 2010 IS THE NEW KEYNESIAN IS CURVESTRUCTURAL?
by Livio Stracca
Abstract There is already a small literature emphasising the empirical failure of the New Keynesian IS curve, but it is not yet known if this...
-
Hernando de Soto
Excelente discurso.
Advancing Liberty
Trecho: As Professor Friedman said in his remarks, the sorts of solutions that poor countries need are the kinds of things that developed countries did in the 19th Century, not the 21st Century....
Economia