Groenewold, Nicolaas; Taylor, Leanne - In: The Economic Record 68 (1992) 200, pp. 57-64
This paper reports the results of an empirical investigation of hysteresis in the unemployment rate using Australian data for 1966(3)-88(4). It is found that there is not hysteresis in the strict sense of the irrelevance of the natural unemployment rate although there is strong evidence of...