We examine dynamic asymmetries in US unemployment using non-linear time series models and Bayesian methods. We find … unemployment rate. One finding of particular interest is that shocks which lower the unemployment rate tend to have a smaller … effect than shocks which raise the unemployment rate. This finding is consistent with unemployment rises being sudden and …

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. …

This article is concerned with the dynamic behaviour of UK unemployment. However, instead of using traditional … suggest that the UK unemployment may be explained in terms of lagged values of the real oil prices and the real interest rate …, with the order of integration of unemployment ranging between 0.50 and 1. Thus, unemployment shows the characteristics of …

The unemployment rate in Australia is modelled as an assymmetric and non-linear function of aggregate demand …, productivity, real wages and unemployment benefits. Negative changes in aggregate demand cause the unemployment rate to rise … rapidly, while real wage rigidity contributes its to slow adjustment back towards a lower level of unemployment. The model is …

Models of the aggregate unemployment rate have traditionally been estimated from structural models of the labour market … or in a linear single-equation framework. However, theory as well as evidence suggest that the unemployment rate is … asymmetric and should be modelled in a non-linear framework. In this paper the unemployment rate in Australia is modelled as a …

that allows us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment … unemployment gap to the output gap is due to two main factors: i. the flows from the labour force to the outside of the labour … force are larger in Andalusia; ii. The higher share of the farm unemployment in Andalusia. …

We analyze the degree of persistence of the unemployment rates of the 10 Canadian provinces using quarterly data for … unit root statistics (without or with breaks), makes it possible to .nd the stationarity of the different unemployment … linear model with multiple structural changes to estimate the different degrees of persistence over the different regimes …

us to unveil the different dynamic behaviour of the relationship between the output gap and the unemployment gap in the … responsiveness of the unemployment gap to the output gap in Andalusia is related to two main factors: the flows out of the labour … force in recession are larger in Andalusia, and the higher share of the agrarian unemployment. …

persistence. This view is questioned in the paper using German data on unemployment. A new class of time-series models, the … able to generate fragile equilibria. For instance, in this literature the natural unemployment rate is allowed to shift … over time depending on past unemployment. Actually, many European unemployment series seem to exhibit a unit root or …