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Markov switching in disaggregate unemployment rates

Juhn, Chinhui; Potter, Simon; Chauvet, Marcelle - In: Empirical Economics 27 (2002) 2, pp. 205-232

We develop a dynamic factor model with Markov switching to examine secular and business cycle fluctuations in the U.S. unemployment rates. We extract the common dynamics amongst unemployment rates disaggregated for 7 age groups. The framework allows analysis of the contribution of demographic...

Persistent link: https://www.econbiz.de/10005382166

The cyclical behaviour of prices in the U.K.: Some structural time series evidence

Moosa, Imad A. - In: Empirical Economics 25 (2000) 2, pp. 261-278

The cyclical behaviour of prices in the U.K. is investigated using a sample of annual observations covering the period 1886-1993. A structural time series model relating consumer prices to output is estimated over four sub-periods. The results indicate that prices were procyclical in the...

Persistent link: https://www.econbiz.de/10005382219

Cointegration and common trends on the West German labour market

Carstensen, Kai; Hansen, Gerd - In: Empirical Economics 25 (2000) 3, pp. 475-493

In this paper we analyze the West German labour market by means of a cointegrated structural VAR model. We find sensible stable long-run relationships that are interpreted as a labour demand, a wage setting and a goods market equilibrium. In order to study the dynamic behaviour of the model we...

Persistent link: https://www.econbiz.de/10005758460

note: Inequality and the business cycle: A consumption viewpoint

Johnson, David S.; Shipp, Stephanie - In: Empirical Economics 24 (1999) 1, pp. 173-180

of these trends to changes in inflation and unemployment were similar during this period. We find that unemployment does … not significantly affect the inequality measures and that inflation has a progressive effect, i.e., that a decrease in … inflation is associated with an increase in inequality. Finally, we find that the relationship between inequality and …

Persistent link: https://www.econbiz.de/10005613076