Bianchi, Marco; Zoega, Gylfi - Institut de Recherche Économique et Sociale (IRES), … - 1995
One of the stylized facts of unemployment is that shifts in its mean rate between decades and half-decades account for most of its variance. In this paper, we use a purely statistical analysis based on nonparametric densitity estimation techniques to identify the dates of infrequent changes in...