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Fabien Tripier
 
''The Dynamic Correlation Between Growth and Unemployment''
( 2002, Vol. 5 No.4 )
 
 
We apply the measure of dynamic correlation developed by Croux, Forni and Reichlin (2001) [A measure of comovement for economic variables: theory and empirics. Review of Economics and Statistics 83, 232-241] to the relation between the quarterly rates of unemployment and labor productivity growth for the post-war United-States economy. The application of the dynamic correlation reveals that these variables are strongly related, but in a different manner according to the frequencies considered: negatively at low frequencies and positively at business cycle frequencies.
 
 
Keywords:
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
C1 - Econometric and Statistical Methods: General
 
Manuscript Received : Dec 11 2001 Manuscript Accepted : Apr 06 2002

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