This article is our personal perspective on the IPS test and the subsequent developments of unit root and cointegration …

This paper investigates unemployment persistence in the 27 EU member states by applying fractional integration methods … in others and not changing in a minority of cases. On the whole, our results support the hysteresis hypothesis for the …

unemployment re-insurance scheme for the euro area. Running counterfactual simulations based on household micro data for the period … asymmetries in labor market shocks would have raised the income insurance of a typical unemployment insurance scheme in the euro …

2010-2018. Using Jordà’s (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …

This paper analyses the short- and long-run effects of trade openness on financial development in a panel including …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

market outcomes do not benefit significantly from naturalization. Naturalization reduces the risks of unemployment and …

This paper extends the cross sectionally augmented panel unit root test proposed by Pesaran (2007) to the case of a … the maximum number of factors, in contrast to other panel unit root tests based on principal components that require in …