Showing 1 - 10 of 683
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 …
Persistent link: https://www.econbiz.de/10013322015
This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …
Persistent link: https://www.econbiz.de/10010328827
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 …
Persistent link: https://www.econbiz.de/10012799692
This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries … are necessary to prevent short-term unemployment from becoming structural (long-term). …
Persistent link: https://www.econbiz.de/10010288467
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 …
Persistent link: https://www.econbiz.de/10013316967
A fixed exchange rate regime eliminates one degree of freedom in absorbing macroeconomic shocks. Therefore, there is a call for higher labor market flexibility in countries which are members of the monetary union or those which intend to join the monetary union. Focusing on the cross-country...
Persistent link: https://www.econbiz.de/10010264068
impact on labor productivity and they lead to a fall in the unemployment rate. Collective bargaining reforms do not seem to …
Persistent link: https://www.econbiz.de/10013266657
impact on labor productivity and they lead to a fall in the unemployment rate. Collective bargaining reforms do not seem to …
Persistent link: https://www.econbiz.de/10013291753
This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...
Persistent link: https://www.econbiz.de/10010281793
This study examines the relationship between healthcare expenditure and disposable income in the 50 US states over the period 1966-2009 using fractional integration and cointegration techniques. The degree of integration and non-linearity of both series are found to vary considerably across...
Persistent link: https://www.econbiz.de/10011307067