Add to ORKGWe extend the previous analysis of unemployment persistence led by Jaeger and Parkinson (1994) by introducing nonlinearities in order to fully take into account the three requirements of hysteresis. We let past cyclical unemployment rate to have an impact on the unemployment natural rate that depends on the regime of the economy.UNEMPLOYMENT ; TIME SERIES ; LABOUR MARKET
We construct a new Markov-switching unobserved components framework for analysing hysteresis effects...
This paper points out what hysteresis is using a simple model of market entry and exit. A procedure ...
We are grateful to Niels Gottfries for comments on an earlier draft of this paper. The recent Europe...
The goal of the objective is give an empirical answer to the problem that is facing the Economic The...
abstract: we suggest an unobserved components model that can be used to evaluate unemployment data f...
This article examines persistence and nonlinearity in the US unemployment rate in the post-war perio...
A new test for hysteresis based on a nonlinear unobserved com-ponents model is proposed. Observed un...
Previous studies use a variety of increasingly advanced unit root tests to determine whether Blancha...
This paper is an empirical investigation of unemployment rate series in 17 countries. The timing and...
abstract: we suggest a new test for hysteresis in unemployment based on an unobserved components mod...
The aim of this paper is to find a possible hysteresis effect on unemployment rate series from Italy...
In macroeconomics, unemployment hysteresis typically arises as a special case of an otherwise statio...
This paper provides new evidence on the nature of occupational differences in unemployment dynamics,...
This paper elucidates hysteresis using a simple model of market entry and exit. A procedure for calc...
The aim of this paper is to find a possible hysteresis effect on unemployment rate series from Italy...
We construct a new Markov-switching unobserved components framework for analysing hysteresis effects...
This paper points out what hysteresis is using a simple model of market entry and exit. A procedure ...
We are grateful to Niels Gottfries for comments on an earlier draft of this paper. The recent Europe...
The goal of the objective is give an empirical answer to the problem that is facing the Economic The...
abstract: we suggest an unobserved components model that can be used to evaluate unemployment data f...
This article examines persistence and nonlinearity in the US unemployment rate in the post-war perio...
A new test for hysteresis based on a nonlinear unobserved com-ponents model is proposed. Observed un...
Previous studies use a variety of increasingly advanced unit root tests to determine whether Blancha...
This paper is an empirical investigation of unemployment rate series in 17 countries. The timing and...
abstract: we suggest a new test for hysteresis in unemployment based on an unobserved components mod...
The aim of this paper is to find a possible hysteresis effect on unemployment rate series from Italy...
In macroeconomics, unemployment hysteresis typically arises as a special case of an otherwise statio...
This paper provides new evidence on the nature of occupational differences in unemployment dynamics,...
This paper elucidates hysteresis using a simple model of market entry and exit. A procedure for calc...
The aim of this paper is to find a possible hysteresis effect on unemployment rate series from Italy...
We construct a new Markov-switching unobserved components framework for analysing hysteresis effects...
This paper points out what hysteresis is using a simple model of market entry and exit. A procedure ...
We are grateful to Niels Gottfries for comments on an earlier draft of this paper. The recent Europe...