This paper estimates Okun's law in the EU15 countries between 1980 and 2018. It employs different versions with a focus on the dynamic part of the short-run relationship.
Dynamic version of Okun’s law in the EU15 countries: The role of delays in the unemployment‐output nexus
German Economic Institute (IW)
This paper estimates Okun's law in the EU15 countries between 1980 and 2018. It employs different versions with a focus on the dynamic part of the short-run relationship.
We find that the negative relationship between unemployment and output generally holds over time. However, Okun's coefficient varies substantially across countries. The dynamic version can shed light on different country estimates found in the literature. The paper argues that lag effects need to be considered to avoid possible misspecification. A mixed-lag structure indirectly controls for potential missing explanatory variables such as the role of labour market institutions.
Dynamic version of Okun’s law in the EU15 countries: The role of delays in the unemployment‐output nexus
German Economic Institute (IW)
More on the topic

Where does the money from the EU budget go?: Net contributors and net recipients in the EU
Germany's net position in 2022 is slightly down on the previous year, from €21.4 billion to €19.7 billion euros, but it is still significantly higher than in the pre-Brexit period. On average for 2014 to 2020, the last Multiannual Financial Framework, it was ...
IW
The UN Sustainable Development Goals: Some Reflections from the Perspective of the European Economic and Social Committee
To some, it might seem odd that the Sustainable Development Goals (SDGs) would be of relevance to the highly developed industrial nations that form the EU.
IW