Caporale, Tony; Doroodian, K.; Abeyratne, M. R. M. - In: Applied Economics Letters 3 (1996) 2, pp. 127-130
Using a multivariate vector autoregression (VAR) model, this paper investigates if sectoral shifts, inflation uncertainty, or demand shocks are the primary cause of unemployment fluctuations in the postwar US economy. A sectoral shifts variable (cross-section volatility), an ARCH measure of...