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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/95234

    Title: A Flexible Nonlinear Inference to Okun's Relationship
    Authors: 黃河泉;林淑琴
    Contributors: 淡江大學財務金融學系
    Keywords: Okun's law;Flexible nonlinear inference
    Date: 2005-05
    Issue Date: 2014-02-11 23:56:43 (UTC+8)
    Abstract: The paper implements the flexible nonlinear inference approach of Hamilton (2001) to assess the validity of Okun's law. Using U.S. quarterly data from 1948:1 to 2004:2, we find overwhelming evidence of nonlinearity between cyclical components of unemployment and output. However, the relationship is still negative and provides strong support of (nonlinear) Okun's law.
    Relation: 2005財經學術研討會論文集(上)=Proceedings of 2005 Conference on Economics and Business,頁B2-87-100
    Appears in Collections:[Graduate Institute & Department of Banking and Finance] Proceeding

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