Narrow search
Showing 1 - 10 of 19,440
Cover Image
Hysteresis and Persistence in the Course of Unemployment: The EU and US Experience
Dreger, Christian; Reimers, Hans-Eggert - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by …. Hysteresis in EU unemployment is attributed to the idiosyncratic, but not to the common component. In contrast, idiosyncratic … components are stationary in the US. If hysteresis behaviour is also relevant here, it is more likely to arise in the common …
Persistent link: https://www.econbiz.de/10005068810
Cover Image
Unemployment dynamics and NAIRU estimates for CEECs : A univariate approach
Camarero, Mariam; Silvestre, Josep Lluis Carrion; … - Facultat d'Economia i Empresa, Universitat de Barcelona - 2005
In this paper we test for the hysteresis versus the natural rate hypothesis on the unemployment rates of the EU new …
Persistent link: https://www.econbiz.de/10005600431
Cover Image
What goes up sometimes stays up: Shocks and Institutions as Determinants of Unemployment Persistence
Amisano, Gianni; Serati, Massimiliano - Tinbergen Instituut - 2002
so that our identification is not affected by the Faust andLeeper (1997) critique. We find widespread hysteresis: demand …-teractions with structural shocks and other institutions as crucial determinantsof hysteresis. …
Persistent link: https://www.econbiz.de/10011256062
Cover Image
What goes up sometimes stays up: Shocks and Institutions as Determinants of Unemployment Persistence
Amisano, Gianni; Serati, Massimiliano - Tinbergen Institute - 2002
taxes so that our identification is not affected by the Faust and Leeper (1997) critique. We find widespread hysteresis … their in- teractions with structural shocks and other institutions as crucial determinants of hysteresis. …
Persistent link: https://www.econbiz.de/10005137103
Cover Image
Persistent Disparities in Regional Unemployment: Application of a Spatial Filtering Approach to Local Labour Markets in Germany
Patuelli, Roberto; Schanne, Norbert; Griffith, Daniel A.; … - USI Università della Svizzera italiana - 2010
The geographical distribution and persistence of regional/local unemployment rates in heterogeneous economies (such as Germany) have been, in recent years, the subject of various theoretical and empirical studies. Several researchers have shown an interest in analysing the dynamic adjustment...
Persistent link: https://www.econbiz.de/10008489537
Cover Image
Persistence of Regional Unemployment: Application of a Spatial Filtering Approach to Local Labour Markets in Germany
Patuelli, Roberto; Schanne, Norbert; Griffith, Daniel A.; … - Rimini Centre for Economic Analysis (RCEA) - 2009
The geographical distribution and persistence of regional/local unemployment rates in heterogeneous economies (such as Germany) have been, in recent years, the subject of various theoretical and empirical studies. Several researchers have shown an interest in analysing the dynamic adjustment...
Persistent link: https://www.econbiz.de/10008469822
Cover Image
Testing for hysteresis: Unemployment persistence and wage adjustment
Fève, P.; Hénin, P. Y.; Jolivaldt, P. - In: Empirical Economics 28 (2003) 3, pp. 535-552
This paper proposes a new testing strategy for unemployment hysteresis as the joint restriction of a unit-root in the … application leads to reject the null hypothesis of wage hysteresis for most of our OECD countries. Evidence against hysteresis is …
Persistent link: https://www.econbiz.de/10005758343
Cover Image
Testing and Estimating Persistence in Canadian Unemployment.
Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003
A vital implication of unemployment persistence applies to the Bank of Canada's disinflation policies since it adversely influences unemployment and considerably lengthens recessions. This paper tests for persistence in Canadian sectoral unemployment, using the modified rescaled-range test. Our...
Persistent link: https://www.econbiz.de/10005062535
Cover Image
Unit roots and cointegration in panels
Breitung, Jörg; Pesaran, Mohammad Hashem - Deutsche Bundesbank - 2005
This paper provides a review of the literature on unit roots and cointegration in panels where the time dimension (T), and the cross section dimension (N) are relatively large. It distinguishes between the first generation tests developed on the assumption of the cross section independence, and...
Persistent link: https://www.econbiz.de/10005083230
Cover Image
GMM Estimation for Dynamic Panels with Fixed Effects and Strong Instruments at Unity
Han, Chirok; Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 2007
This paper develops new estimation and inference procedures for dynamic panel data models with fixed effects and incidental trends. A simple consistent GMM estimation method is proposed that avoids the weak moment condition problem that is known to affect conventional GMM estimation when the...
Persistent link: https://www.econbiz.de/10005762655