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

Breakfast debate: How to reduce electricity prices – ideas of the Affordable Energy Act
While Member states are ultimately responsible for their energy mix; their decisions have cross-border consequences. They impact the prices at the EEX and the use and need for interconnectors. We want to take a holistic look at these dynamics and focus on the ...
IW
Crypto regulation in the EU
FC Bayern Munich footballers advertise for the crypto exchange Bitpanda, Crypto.com advertised with rapper Eminem during the NBA playoffs of the Los Angeles Lakers basketball team, whose arena was renamed “Crypto.com Arena” in 2021.
IW