Demiralp, Berna; Gantt, Bonnie B.; Selover, David D. - In: Journal of Macroeconomics 33 (2011) 4, pp. 724-737
We examine the dynamic phenomenon of unemployment as a constantly changing inventory of unemployed individuals. We focus on the possibility raised by Elsby et al. (2009) of an innate “inseparability” between the flows into and out of unemployment. Multicointegration, introduced by Granger...