At what Cost Price Stability?: New Evidence about the Phillips Curve in Europe and the United States
- ISBN-10
- 9290798130
- ISBN-13
- 9789290798132
- Category
- Inflation (Finance)
- Pages
- 28
- Language
- English
- Published
- 2008
- Publisher
- CEPS
- Authors
- Daniel Gros, Andrea Beccarini
Description
If this is the case, the Okun law estimates correspond to the unemployment rate regression on GDP. ... the probability of falsely rejecting the unit root hypothesis (the p-value of the test) is 0.2 in the sample 1996:1 2008:1.
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