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 …

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian …

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 paper focuses on the measurement of the NAIRU (Non-Accelerating-Inflation-Rate-of-Unemployment) for the euro area … presents several estimates of the area-wide NAIRU based on a number of direct (or statistical) techniques. The latter range … different estimates of the aggregate NAIRU appear to be consistent and robust with respect to alternative specifications …

some countries and sectors, our results point to a negative link between employment growth, the unemployment benefit …

some countries and sectors, our results point to a negative link between employment growth, the unemployment benefit …

revisions can contribute to the uncertainty surrounding key macroeconomic ratios and the NAIRU …

propose a new specification of the Phillips Curve that contains different unemployment lengths in a time-varying NAIRU setting …This paper studies the role of long-term unemployment in the determination of prices and wages. Labor market theories …. This is done by constructing an index of unemployment that assigns different weights to the unemployed based on the length …

is due to the long-run non-neutrality of money and the hysteresis effects in TFP through which ELB episodes generate …