淡江大學機構典藏:Item 987654321/72520
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    題名: Investigating Okun's Law by the Structural Break with Threshold Approach: Evidence from Canada
    作者: 黃河泉;Chang, Y. K.
    貢獻者: 淡江大學財務金融學系
    日期: 2005-09-01
    上傳時間: 2011-10-24 10:31:46 (UTC+8)
    摘要: This study proposes a structural change with threshold approach to re-evaluate the empirical validity of Okun's law using data from Canada. Based on the Hodrick–Prescott and band-pass filtered data, we find strong support of structural change as well as threshold nonlinearity. This suggests that the use of purely linear specifications for analyzing Okun's law may lead to misleading results. The implications of the empirical results for macroeconomic policy are also briefly discussed.
    關聯: Manchester School 73(5), pp.599-611
    DOI: 10.1111/j.1467-9957.2005.00466.x
    顯示於類別:[財務金融學系暨研究所] 期刊論文

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