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Li, Mengheng; Mendieta-Muñoz, Ivan - 2024

We study how the output gap affects potential output over time-i.e., the dynamic hysteresis effect. To do so, we introduce novel unobserved components (UC) models that consider hysteresis as a sequence of lagged effects, thus separating the long-run recession-induced adverse effects from other...

Persistent link: https://www.econbiz.de/10014483593

Hysteresis and NAIRU in the Euro area

Logeay, Camille; Tober, Silke - 2005 - This version: July 2005

This paper analyses the Nairu in the Euro Area and the influence that hysteresis had on its development. Using the … Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique … is applied here using explicit exogenous variables. In order to test for hysteresis, the dependence of the Nairu on …

Persistent link: https://www.econbiz.de/10003744523

The dynamics of "natural" rates of growth and employment

Chiarella, Carl; Flaschel, Peter - 1997

Persistent link: https://www.econbiz.de/10000963973

Measuring the NAIRU : evidence from seven economies

Laubach, Thomas - 1997

Persistent link: https://www.econbiz.de/10000983638

Hysteresis and ranges of [or] intervals for equilibrium unemployment

Cross, Rod; Darby, Julia; Ireland, Jonathan - 1997

Persistent link: https://www.econbiz.de/10000974075

Wage formation and the (non-)existence of the NAIRU

Skott, Peter - 1998

Persistent link: https://www.econbiz.de/10000994379

Demand-supply interactions and unemployment dynamics : can there be path dependency?

Shadman-Mehta, Fatemeh; Sneessens, Henri R. - 1998

Persistent link: https://www.econbiz.de/10001365350

Unemployment hysteresis ans structural change in Europe

Akdoğan, Kurmaş - 2016

Persistent link: https://www.econbiz.de/10011547267

Long memory in Turkish unemployment rates

Gil-Alaña, Luis A.; Ozdemir, Zeynel Abidin; Tansel, Aysıt - 2017

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

Rational institutions yield hysteresis

Di Tella, Rafael; MacCulloch, Robert - 2000

We argue that labor market institutions are endogenous. Our analysis focuses on the government's decision to set unemployment benefits in response to an unemployment shock in a simple, reduced-form model of the labor market. It is found that the largest increases in benefits should occur in...

Persistent link: https://www.econbiz.de/10010515690