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Long memory in Turkish unemployment rates
Gil-Alaña, Luis A.; Ozdemir, Zeynel Abidin; Tansel, Aysıt - 2017
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10011735904
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Unemployment in the European Union : institutions, prices, and growth
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001800159
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Expected inflation, sunspots equilibria and persistent unemployment fluctuations
Dufourt, Frédéric; Lloyd-Braga, Teresa; Modesto, Leonor - 2009
fact that liquidity constrained workers, facing earnings uncertainty in the context of imperfect unemployment insurance …
Persistent link: https://www.econbiz.de/10003879337
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Uncertainty and the politics of employment protection
Vindigni, Andrea (contributor) - 2008
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of …
Persistent link: https://www.econbiz.de/10003719624
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The asymmetric effect of wage floors : a natural experiment with a rising and falling minimum wage
Huet-Vaughn, Emiliano; Piqueras, Jon - 2023
revoked, providing novel evidence of hysteresis in wage setting from temporary labor policy. In the first year post repeal …
Persistent link: https://www.econbiz.de/10014445444
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Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the Euro area
Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019
impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate … whether uncertainty over future interest rates in the Euro area hampers monetary policy transmission. In this non-linear model … 'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …
Persistent link: https://www.econbiz.de/10012099559
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Are sunk costs irrelevant? : evidence from playing time in the National Basketball Association
Leeds, Daniel; Leeds, Michael A.; Motomura, Akira - 2013
The relevance of sunk costs in decision making is one of the major sources of disagreement between neoclassical economists and behavioral economists. We test the importance of sunk costs by examining the role of a player's draft position on his playing time in the National Basketball...
Persistent link: https://www.econbiz.de/10010226087
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Credit constraints and the persistence of unemployment
Dromel, Nicolas; Kolakez, Elie; Lehmann, Etienne - 2009
In this paper, we argue that credit market imperfections impact not only the level of unemployment, but also its persistence. For this purpose, we first develop a theoretical model based on the equilibrium matching framework of Mortensen and Pissarides (1999) and Pissarides (2000) where we...
Persistent link: https://www.econbiz.de/10003904911
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Monetary policy and Swedish unemployment fluctuations
Alexius, Annika (contributor); Holmlund, Bertil (contributor) - 2007
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables 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 link: https://www.econbiz.de/10003591475
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Regional unemployment and its persistence in transition countries
Bornhorst, Fabian (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001980068