Browsing Norges Banks publikasjonsserier / Norges Bank publication series by Subject "labor markets"
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Explaining Deviations from Okun’s Law
(Working paper;4/2022, Working paper, 2022)Despite its stability over time, as for any statistical relationship, Okun’s law is subject to deviations that can be large at times. In this paper, we provide a mapping between residuals in Okun’s regressions and structural ...