This paper analyses the dynamics of the unemployment rate in the eight countries from Central and Eastern Europe which … joined the EU in 2004. Unit root tests allowing for nonlinearities and structural changes suggest that the unemployment rate … are highly persistent, implying a slow rate of convergence to the natural rate of unemployment. The unemployment rate is …

In this paper we aim to analyse the dynamics of unemployment in a group of Central and Eastern European Countries … structural changes and nonlinearities, as well as fractional integration, we find that the unemployment rates for the CEECs are … mean reverting processes, which is consistent with the NAIRU hypothesis, although shocks tend to be highly persistent. …

permanent effects on German unemployment. This difference in hysteresis, however, depends on the sample. Using recursive and …In this paper we compare the unemployment dynamics of the US and Germany with monthly data up to 2008. With data from … recent subsamples.We conclude that hysteresis has turned into a dominating feature also on US labour market more recently. …

able to generate fragile equilibria. For instance, in this literature the natural unemployment rate is allowed to shift … over time depending on past unemployment. Actually, many European unemployment series seem to exhibit a unit root or … persistence. This view is questioned in the paper using German data on unemployment. A new class of time-series models, the …

unemployment through hysteresis effects that occur through the rise in long-term unemployment. The estimated increase in structural …The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This … paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural …

phenomenon of hysteresis in unemployment. Our results show that, although we find evidence of causality from the difference … between observed unemployment and the NAIRU estimates to inflation, it is necessary an additional research effort in this area … of robustness and precision. We have also found evidence of hysteresis in unemployment. …

This paper examines the relationship between unemployment, real oil price and real interest rates in Canada. Instead of …/cointegration techniques which allow for the possibility that unemployment is highly persistent. In line with other studies, we find that all … equilibrium model with highly persistent shocks might be adequate to account for the observed behaviour of unemployment. …

This article is concerned with the dynamic behaviour of UK unemployment. However, instead of using traditional … suggest that the UK unemployment may be explained in terms of lagged values of the real oil prices and the real interest rate …, with the order of integration of unemployment ranging between 0.50 and 1. Thus, unemployment shows the characteristics of …