-shock on long-term unemployment. Our findings suggest that there is hysteresis in both countries, and that it happens through …This paper uses data for the UK and the Netherlands (1983q4-2011q4) to test if hysteresis occurs in these economics …, and through what mechanisms. The novelty of the paper resides in the use of a VAR-IRF that encompasses previous hysteresis …

In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries … with high or low unemployment volatility. We find that MS-VAR models seem to provide a better description of the data than … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than …

This article is concerned with the dynamic behaviour of UK unemployment. However, instead of using traditional … suggest that the UK unemployment may be explained in terms of lagged values of the real oil prices and the real interest rate …, with the order of integration of unemployment ranging between 0.50 and 1. Thus, unemployment shows the characteristics of …

unemployment and maximum employment approaches; and the unfilled vacancies perspective. Furthermore, we provide and discuss …

The relationship between wages, prices, productivity, inflation, and unemployment in Italy, Poland, and the UK between …

century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early …A novel procedure is applied to test for switches between hysteresis and the natural rate theory over more than a …

This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …