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 …

unemployment that is in line with other emerging markets and regional peers. We also find that the relationship has been somewhat … components of GDP may cause different unemployment reactions, an important issue that has not been sufficiently addressed in the …

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 …

This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …

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

-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 …