Peiró, Amado; Belaire-Franch, Jorge; Gonzalo, Maria Teresa - In: Journal of Macroeconomics 34 (2012) 4, pp. 1167-1175
This study analyzes the relationship between unemployment and the business cycle in the UK and the US. For both economies, a strong and definite association is found that shows that cyclical shocks extend their effect on unemployment over several quarters. This association is much more intense...