Are there more than three regimes in the output-unemployment relationship? A panel quantile regression estimates of Okun's gap model in EU countries

Until recently, the output-unemployment relationship (Okun's coefficient) was believed to follow two regimes, implying a uniform effect of expansionary fiscal policy on unemployment during economic booms and declines. However, research by Oh (2018) and Donayre (2022) introduced a three-regime approa...

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Principais autores:	Mindaugas Butkus, Laura Dargenyte-Kacileviciene, Kristina Matuzeviciute, Dovile Rupliene, Janina Seputiene
格式:	Artigo
語言:	Inglês
出版:	Alexandru Ioan Cuza University of Iasi 2024-06-01
叢編:	Eastern Journal of European Studies
主題:	output-unemployment relationship okun's gap model panel quantile regression eu countries
在線閱讀:	https://ejes.uaic.ro/articles/EJES2024_1501_BUT.pdf
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