Hassler, Uwe; Wolters, Jürgen - In: Jahrbücher für Nationalökonomie und Statistik 229 (2009) 2-3, pp. 119-129
Summary In this paper we compare the unemployment dynamics of the US and Germany with monthly data up to 2008. With … having permanent effects on German unemployment. This difference in hysteresis, however, depends on the sample. Using … in more recent subsamples.We conclude that hysteresis has turned into a dominating feature also on US labour market more …