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Business Cycles and Compositional Variation in U.S. Unemployment

Abbring, Jaap H.; van den Berg, Gerard J.; van Ours, Jan C. - 1997

In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration, compositional effects and duration dependence of the exit rate...

Persistent link: https://www.econbiz.de/10010324727

Governing a common-pool resource in a directed network

Richefort, Lionel; Point, Patrick - 2010

A local public-good game played on directed networks is analyzed. The model is motivated by one-way flows of hydrological influence between cities of a river basin that may shape the level of their contribution to the conservation of wetlands. It is shown that in many (but not all) directed...

Persistent link: https://www.econbiz.de/10010272372

The two greatest : great recession vs. great moderation

Gadea Rivas, María Dolores; Gómez Loscos, Ana; Pérez … - 2014

Muchos autores han concluido que la Gran Recesión representa el fi nal de la Gran Moderación de los años ochenta y noventa. Este trabajo, con un minucioso análisis de los datos, muestra que esto no es cierto. La volatilidad del PIB permanece moderada a pesar del tumulto generado por la Gran...

Persistent link: https://www.econbiz.de/10012530449

Trend-cycle decomposition for Peruvian GDP: Application of an alternative method

Guillén, Ángel; Rodríguez, Gabriel - In: Latin American Economic Review 23 (2014) 1, pp. 1-44

Perron and Wada (J Monet Econ 56:749-65, 2009) propose a new method of decomposition of the GDP in its trend and cycle …, which presents a mixture of normals in the disturbances of the trend and cycle component of output. The obtained trend …

Persistent link: https://www.econbiz.de/10010500567

Separating yolk from white: A filter based on economic properties of trend and cycle

Zhou, Peng - 2017

This paper proposes a new filter technique to separate trend and cycle based on stylised economic properties of trend … and cycle, rather than relying on ad hoc statistical proper-ties such as frequency. Given the theoretical separation … between economic growth and business cycle literature, it is necessary to make the measures of trend and cycle match what the …

Persistent link: https://www.econbiz.de/10011787153

Puzzles, paradoxes and regularities: Cyclical and structural productivity in the US (1950 - 2005)

Jeon, Yongbok; Vernengo, Matías - 2007

Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that puzzles and paradoxes vanish once two simple regularities are properly acknowledged. Okun and Verdoorn's Laws explain 87 percent of all the variations in labor productivity....

Persistent link: https://www.econbiz.de/10010288082