Skalin, Joakim; Teräsvirta, Timo - Economics Institute for Research (SIR), … - 1998
The paper discusses a simple univariate nonlinear parametric time-series model for unemployment rates, focusing on the asymmetry observed in many OECD unemployment rate series. The model is based on a standard logistic smooth transition autoregressive (LSTAR) model for the first difference of...