technology shocks. It is found that hours worked increase on impact in response to a technology shock (though the effect dies …

technology shocks. It is found that hours worked increase on impact in response to a technology shock (though the effect dies …

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 …

technology shocks. It is found that hours worked increase on impact in response to a technology shock (though the effect dies …

technology shocks. It is found that hours worked increase on impact in response to a technology shock (though the effect dies …

-performing loans during contractionary periods. The results indicate that the effects of a permanent shock to bad loans on the excess …

This paper proposes a model of the US unemployment rate which accounts for both its asymmetry and its long memory. Our … standard limit distribution. The empirical results suggest that the US unemployment rate can be specified in terms of a … with path dependency rather than a NAIRU model with an underlying unemployment equilibrium rate, hence giving support to …

technology shocks. It is found that hours worked increase on impact in response to a technology shock (though the effect dies …