Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102963
Authors: 
Hartwig, Jochen
Year of Publication: 
2014
Series/Report no.: 
KOF Working Papers, KOF Swiss Economic Institute, ETH Zurich 357
Abstract: 
Okun's Law postulates a stable relationship between quarterly output growth and changes in (un)employment. This proposition has so far been tested with macroeconomic data at the highest level of aggregation. The paper goes beyond that in extending the analysis to industry data from Switzerland, applying a method suggested by the International Monetary Fund. Another focus is on whether expansions in production have become more 'jobless' over the most recent business cycle compared to earlier on. This does not seem to be the case in Switzerland, except in the construction industry.
Subjects: 
Okun's Law
Jobless growth
Industry data
Switzerland
JEL: 
C22
E12
E20
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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