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in others and not changing in a minority of cases. On the whole, our results support the hysteresis hypothesis for the …
Persistent link: https://www.econbiz.de/10012668044
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/10011327831
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/10011737221
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10012119645
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10011735904
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10011737861
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10011751544
occurrence of shocks and hysteresis effects, the (mis-)measurement of important variables such as in ation expectations …
Persistent link: https://www.econbiz.de/10011448601
for the debate between the structural or hysteresis hypotheses. We develop a new statistical framework that tests for the … the 0/1 paradigm about the order of integration, usually implemented for testing the hypothesis of hysteresis in … hysteresis hypotheses, but stress the importance of estimating the degree of persistence of seasonal shocks together with the …
Persistent link: https://www.econbiz.de/10012733734
A novel procedure is applied to test for switches between hysteresis and the natural rate theory over more than a … century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early …
Persistent link: https://www.econbiz.de/10012979965