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| Fabien Tripier |
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| ''The Dynamic Correlation Between Growth and Unemployment'' |
| ( 2002, Vol. 5 No.4 ) |
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| 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. |
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| Keywords: |
JEL: E3 - Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
C1 - Econometric and Statistical Methods: General |
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| Manuscript Received : Dec 11 2001 | | Manuscript Accepted : Apr 06 2002 |
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