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. …

the determination of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) over the last four decades. The authors … of imports, and aggregate capacity utilization were determinants of the NAIRU during the period. The same evidence also … shows that technical progress and changes in long-term unemployment did not affect the NAIRU. We believe this evidence …

NAIRU. The labour macro literature tries to explain unemployment dynamics and determine the real economic factors that drive …

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

long-run impact on the productive capacity of the economy through hysteresis effects. These demand shocks are found to be …

In this paper, we identify demand shocks that can have a permanent effect on output through hysteresis effects. We call … employment and investment, although output per worker is largely unaffected. We find strong evidence that hysteresis transmits …