This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …

This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

A new test for hysteresis based on a nonlinear unobserved components model is proposed. Observed unemployment rates are … cyclical unemployment to have a different impact on the natural rate depending on the regime of the economy. The impact of … both bootstrap algorithms. The bootstrap testing procedure is applied to data from Italy, France and the United States. We …

We argue that long-run inflation has nonlinear and state-dependent effects on unemployment, output, and welfare. Using … anticipated inflation and unemployment. Second, there is also a positive correlation between anticipated inflation and … unemployment volatility. Third, the long-run inflation-unemployment relationship is not only positive, but also stronger when …

unemployment (NAIRU) that provide information about the general trajectory and last tendencies of trend unemployment. To better … identify the unemployment trend, we include indicators of long-term unemployment and the Beveridge curve shifts as exogenous …

The focus of our study is on determining whether unemployment rates in 8 New Industrialized Economies conform to the … findings and confirms hysteresis in all unemployment rates except for Asian economies/countries of Thailand and the Philippines. …

value-added can raise unemployment. …