In recent years, unemployment has become a major problem in many countries. The fluctuations of the unemployment rate as well as its persistence in some countries impose challenges to economic policy makers. In order to implement appropriate policy measures, it is necessary to know the exact...

This study investigates asymmetry in the impact of domestic inflation drivers in the Baltic States, focusing on the output gap and unemployment gap. We aim to reveal how positive and negative changes in these economic activity indicators affect the inflation rate by employing a nonlinear...