Holmes, Mark J.Silverstone, Brian2009-01-282009-01-282006Holmes, M. & Silverstone, B. (2006), Okun's law, asymmetries and jobless recoveries in the United States: A Markov-switching approach. Economics Letters, 92(2), 293-299.https://hdl.handle.net/10289/1879Prevailing Markov regime-switching approaches to asymmetries in Okun's law assume either asymmetry between unemployment and output across regimes or asymmetry within a regime. We combine both approaches and give an insight into the 1991 and 2001 United States ‘jobless recoveries’.enOkun’s lawmarkov-switchingasymmetryjobless recoveriesJournal Article10.1016/j.econlet.2006.03.006