León-Ledesma, Miguel A.; McAdam, Peter - In: Scottish Journal of Political Economy 51 (2004) 3, pp. 377-401
unemployment equilibria. The speed of adjustment is faster for CEECs than the EU, although CEECs tend to move more frequently … of methods benchmarked against the EU. Initially, we work with the concept of linear 'Hysteresis' as described by the … examine whether CEECs' unemployment presents features of multiple equilibria, that is, if it remains locked into a new level …