strong persistence effects or even hysteresis effects The empirical analysis is based on G-7 quarterly output data as well as …

This paper investigates if conclusions regarding labour market hysteresis differ depending on whether employment or … particular, rather than the mixed evidence for hysteresis found using unemployment rates, employment rates result in unequivocal … evidence of hysteresis in Australia, Canada and the U.S.. These findings cast doubt on previous conclusions in the literature. …

This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal …

of aggregate demand on capital accumulation can be a major source of hysteresis. Our results are inconsistent with the …