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 …

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 …

in NAIRU but do not appear as promising explanations of the events of the early 1990s. The fall in unemployment in the …By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several …

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian … policy ; model uncertainty ; Bayesian model averaging ; unemployment gap ; Taylor rule …

impact on labor productivity and they lead to a fall in the unemployment rate. Collective bargaining reforms do not seem to …

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

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. …