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these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
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The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10011325992
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10001502455
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10009736641
, and USA). We find that the transitory component has a significant impact on unemployment only in the US. In contrast to …
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