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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Detalhes bibliográficos

Principais autores:	Mindaugas Butkus, Laura Dargenyte-Kacileviciene, Kristina Matuzeviciute, Dovile Rupliene, Janina Seputiene
Formato:	Artigo
Idioma:	Inglês
Publicado em:	Alexandru Ioan Cuza University of Iasi 2024-06-01
coleção:	Eastern Journal of European Studies
Assuntos:	output-unemployment relationship okun's gap model panel quantile regression eu countries
Acesso em linha:	https://ejes.uaic.ro/articles/EJES2024_1501_BUT.pdf
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