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    題名: A Flexible Nonlinear Inference to Okun's Relationship
    作者: 黃河泉;林淑琴
    貢獻者: 淡江大學財務金融學系
    關鍵詞: Okun's law;Flexible nonlinear inference
    日期: 2005-05
    上傳時間: 2014-02-11 23:56:43 (UTC+8)
    摘要: 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.
    關聯: 2005財經學術研討會論文集(上)=Proceedings of 2005 Conference on Economics and Business,頁B2-87-100
    顯示於類別:[財務金融學系暨研究所] 會議論文

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