-term effects on expected employment and labor force participation, suggesting positive hysteresis. Our forecast evaluation tests …

the model's output gap as a benchmark, we further show that common output gap estimation methods exhibit a systematic bias …

levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and … renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a …

This paper deals with hysteresis in the desired equilibrium exchange rate (DEER) arising from misalignment. When the … formal expression for this hysteresis effect in the DEER, studies the convergence properties of a system in which the …. Finally, the paper derives and applies rules of thumb for computing the hysteresis effect when considering the rate of …