Showing 1 - 10 of 41
strong persistence effects or even hysteresis effects The empirical analysis is based on G-7 quarterly output data as well as …
Persistent link: https://www.econbiz.de/10010293484
This paper proposes a model of the US unemployment rate which accounts for both its asymmetry and its long memory. Our approach, based on the tests of Robinson (1994), introduces fractional integration and nonlinearities simultaneously into the same framework (unlike earlier studies employing a...
Persistent link: https://www.econbiz.de/10010295392
This paper investigates if conclusions regarding labour market hysteresis differ depending on whether employment or unemployment rates are studied. Applying a range of unit-root tests to monthly data from Australia, Austria, Canada, Finland, Sweden, the U.K. and the U.S., we find results for...
Persistent link: https://www.econbiz.de/10010321556
We analyze persistence in patterns of bilateral financial investment using data on US investors’ holdings of foreign …
Persistent link: https://www.econbiz.de/10011605511
The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis … empirical results show a moderate level of profit persistence, as well as a relatively low speed of adjustment to the steady …-state profit level, thus providing no support for the hypothesis that there is a lower persistence of profits in emerging markets …
Persistent link: https://www.econbiz.de/10010271081
- although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly … models can generate both substantial inflation persistence and a nonzero inflation-unemployment tradeoff in the long …
Persistent link: https://www.econbiz.de/10010273163
" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly …-price staggering models can generate both substantial inflation persistence and a nonzero inflation-unemployment tradeoff in the long …
Persistent link: https://www.econbiz.de/10010273181
" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly …-price staggering models can generate both substantial inflation persistence and a nonzero inflation-unemployment tradeoff in the long …
Persistent link: https://www.econbiz.de/10010281029
This paper examines the persistence of under-employment amongst UK higher education graduates. For the cohort of …
Persistent link: https://www.econbiz.de/10010282447
This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries …-memory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries such as Spain …
Persistent link: https://www.econbiz.de/10010288467