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Unemployment persistence in Europe : evidence from the 27 EU countries

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Trejo, … - 2021

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/10012668044

Exports and capacity constraints : evidence for several euro area countries

Belke, Ansgar; Oeking, Anne; Setzer, Ralph - 2015

evidence of the importance of sunk costs and hysteresis in international trade. …

Persistent link: https://www.econbiz.de/10011300368

Export hysteresis, capacity constraints and uncertainty : a smooth-transition analysis for euro area member countries

Belke, Ansgar; Wagemester, Jan - 2017

We argue that, under certain conditions described by a sunk cost hysteresis model, firms consider exports as a … evidence of the importance of sunk costs and hysteresis in international trade in these EMU member countries. What is more, our … and Portugal) the results underscore the empirical validity of the export hysteresis under uncertainty model. …

Persistent link: https://www.econbiz.de/10011718600

Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010

In this paper we propose a novel way to model the labor market in the context of a New-Keynesian general equilibrium model, incorporating labor market frictions in the form of hiring and firing costs. We show that such a model is able to replicate many important stylized facts of the business...

Persistent link: https://www.econbiz.de/10003937114

Heterogeneity and persistence in returns to wealth

Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; … - 2018 - This version: May 2018

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway's administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their...

Persistent link: https://www.econbiz.de/10011864456

A note on the time series measure of conservatism

Brauer, Sebastian; Westermann, Frank - 2010

Asymmetric persistence of accounting income is often tested in a regression of changes in earnings on lagged changes in earnings, including an interaction term for negative changes (see Basu [1997] or Ball et al. [2009] for a recent overview). In this note we propose an alternative, but closely...

Persistent link: https://www.econbiz.de/10003940082

Scarring effects of unemployment

Nilsen, Øivind Anti; Reiso, Katrine Holm - 2011

Using Norwegian individual register data of young workers, from the period 1986-2008, we analyse whether there are large and persistent negative relationships between unemployment and the risk of repeated unemployment and being out of labour force. A nearest-neighbour propensity score matching...

Persistent link: https://www.econbiz.de/10009388343

Persistence and cyclical dependence in the monthly Euribor rate

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2011

This paper analyses two well-known features of interest rates, namely their time dependence and their cyclical structure. Specifically, it focuses on the monthly Euribor rate, using monthly data from January 1994 to May 2011. Models based on fractional integration at the long run or zero...

Persistent link: https://www.econbiz.de/10009380406

Persistence in youth unemployment

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012

This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries by using two alternative measures: the AR coefficient and the fractional differencing parameter, based on short- and long-memory processes respectively. The evidence suggests...

Persistent link: https://www.econbiz.de/10009630623

Inflation in the G7 countries : persistence and structural breaks

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Poza, Carlos - 2020

This paper examines long-range dependence in the inflation rates of the G7 countries by estimating their (fractional) order of integration d over the sample period January 1973 - March 2020. The results indicate that the series are very persistent, the estimated value of d being equal to or...

Persistent link: https://www.econbiz.de/10012226769

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