century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early …

studies and the use of specific Labour Market Institutions shocks. This allows us to disentangle what specific demand and … supply-variables affect unemployment in the long-run. Further we also investigate the impact of different supply and demand …-shock on long-term unemployment. Our findings suggest that there is hysteresis in both countries, and that it happens through …

Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a … negative impact of high unemployment periods on labor market outcomes of disadvantaged groups, making extension of high …

This paper explores the mean-reverting behavior of the unemployment rate using monthly geographically disaggregated … regimes at unknown points of time. We find that the Great Recession also altered the persistence of the unemployment rate …

Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a …

. Unemployed workers' skill losses generate multiple steady-state unemployment rates. When monetary policy is constrained by the … permanent unemployment trap. Since monetary policy is powerless to escape such traps ex post, it must avoid them ex ante. The …

What explains the persistence of unemployment? The literature on hysteresis, which is based on unit root testing in … autoregressive models, consists of a vast number of univariate studies, i.e. that analyze unemployment series in isolation, but few …-stationarity of unemployment against one another. For example, whether this is due to a persistently changing equilibrium, slow …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

This paper investigates unemployment persistence in the 27 EU member states by applying fractional integration methods …