Showing 1 - 10 of 261
The aims of this paper are estimate and forecast the Non-Accelerating Inflation Rate of Unemployment, or NAIRU, for … Brazilian unemployment time series data. In doing so, we introduce a methodology for estimating mixed additive seasonal … consistent to the literature and produce reasonable forecasts for NAIRU. …
Persistent link: https://www.econbiz.de/10005407874
In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment … reject the null hypothesis of a linear structure for Canadian unemployment. …
Persistent link: https://www.econbiz.de/10005412624
Spanish unemployment, focusing on demonstrating its long memory and generating macro-economic models with autoregressive … vectors in which the unemployment variable is presumed to be non-stationary and co-integrated. Its consideration in this … suppose, the same as Skalin and Teräsvirta (2002), a behaviour for unemployment which is locally non-stationary in a globally …
Persistent link: https://www.econbiz.de/10005119367
unemployment persistence. …
Persistent link: https://www.econbiz.de/10005126077
A vital implication of unemployment persistence applies to the Bank of Canada's disinflation policies since it … adversely influences unemployment and considerably lengthens recessions. This paper tests for persistence in Canadian sectoral … unemployment, using the modified rescaled-range test. Our results show evidence of persistence in sectoral unemployment that …
Persistent link: https://www.econbiz.de/10005062535
The Asymmetry or counter-cycle nature and its influence on the persistence of the registered unemployment rate is a … traditional topic of the economics theory’s analysis. However, studies of the Spanish unemployment done up to now have not dealt … with asymmetry. General studies about Spanish unemployment have focused all its attention on demonstrating the long …
Persistent link: https://www.econbiz.de/10005407958
This papers finds evidence of fractional integration for a number of monthly ex post real interest rate series using the GPH semiparametric estimator on data from fourteen European countries and the US. However, we pose empirical questions on certain time series requirements that emerge from...
Persistent link: https://www.econbiz.de/10005407898
In this paper we apply compactly supported wavelets to the ARFIMA(p,d,q) long-memory process to develop an alternative maximum likelihood estimator of the differencing parameter, d, that is invariant to the unknown mean and model specification, and to the level of contamination. We show that...
Persistent link: https://www.econbiz.de/10005407968
We analyze by simulation the properties of two time domain and two frequency domain estimators for low order autoregressive fractionally integrated moving average Gaussian models, ARFIMA (p,d,q). The estimators considered are the exact maximum likelihood for demeaned data, EML, the associated...
Persistent link: https://www.econbiz.de/10005119109
component; a cycle in growth rates, rather than in the levels; the hysteresis phenomenon; permanent- transitory decompositions …
Persistent link: https://www.econbiz.de/10005062543