This paper examines the relationship between unemployment, real oil price and real interest rates in Canada. Instead of …/cointegration techniques which allow for the possibility that unemployment is highly persistent. In line with other studies, we find that all … equilibrium model with highly persistent shocks might be adequate to account for the observed behaviour of unemployment …

proposed in this article for modelling the U.K. unemployment. This enables us a better understanding of the low … fractional integration, may be a feasible way of modelling unemployment, also showing that its order of integration is much … erroneous results. -- long memory ; unemployment ; fractional integration …

We propose a method of modeling panel time series data with both inter- and intra-individual correlation, and of … series ; Autoregressive ; Burg-type estimates ; Intercorrelated ; Panel data …

nonzero mean of the t-statistic in the case of an OLS detrending method. In this paper the local power of panel unit root …

orthogonal decompositions which may be avoided by using the Beveridge-Nelson approach. The German unemployment series is studied …

We develop a nonparametric estimation theory in a non-stationary environment, more precisely in the framework of null …