Stevenson, Max; Peat, Maurice - In: Australian Journal of Labour Economics (AJLE) 4, 1, pp. 41-55
Cyclical asymmetry has been recognized as a non-linear phenomenon in recent studies examining unemployment rate time … series. The probabilistic structure of such time series is different during economic upswings and downswings. So, with … forecasting unemployment rates in mind, it seems intuitive that models should reflect this change in structure by incorporating …