I develop a model with the path of labor-market outcomes exhibiting hysteresis depending on prior labor-market policy …

This paper casts doubt on the validity of the hysteresis hypothesis as an explanation of the persistent U.S. trade … their decisions to enter or exit the market. We find little support for either aspect of the hysteresis hypothesis …

This paper empirically investigates the hypothesis that hysteresis has occurred in US aggregate non-oil import prices … the nature of the shift is consistent with the hysteresis hypothesis. Results on two specific structural models of this …

The paper develops a general methodology for analyzing policies with path-dependency (hysteresis) in stochastic models … dynamics of hysteresis with respect to time, a form of a time derivative, and the expected dynamics of hysteresis with the …, we propose a general class of hysteresis functionals that permits significant tractability. Second, we characterize in …

for 29 countries from the OECD. We find strong evidence of hysteresis: an innovation in u causes u* to change in the same …

hysteresis embodying the idea that the equilibrium unemployment rate depends on the history of the actual unemployment rate. This … paper summarizes two directions of research on hysteresis that appear especially promising. Membership theories are based on …

returns to its previous level. When we develop a simple model of the feedback from "hysteresis" in trade to the exchange rate …