with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … benchmarked against the EU. In part of the paper, we work with the concept of linear "Hysteresis" as described by the presence of … unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence of …

This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates … for 29 countries from the OECD. We find strong evidence of hysteresis: an innovation in u causes u* to change in the same …

This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates … for 29 countries from the OECD. We find strong evidence of hysteresis: an innovation in u causes u* to change in the same …

the unemployment rate to measure expectations of future developments in economic activity. We find that the effect of … expectation shocks on the realized unemployment rate have been particularly large during the most recent recession. Unanticipated … changes in expectations contributed to the gradual increase in the persistence of the unemployment rate and to the decline in …

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

at risk in the euro area and in the United States. We model the asymmetry of the shocks to changes in the unemployment … the unemployment rate displays time-varying volatility and skewness, with peaks coinciding with the Global Financial … risk defined as the possible joint event of large increases in the unemployment rate and large annual rates of inflation …