find a positive and significant relationship between sales and unemployment and perform a time series principal component …

Konjunkturzyklus. Es zeigt sich, dass der jahrzehntelange Aufwärtstrend der Arbeitslosigkeit in Deutschland vollständig durch Hysterese … erklärt werden kann. Dagegen folgte die Arbeitslosigkeit in den USA keinem Hysterese-Muster, auch nicht während der großen … Rezession. Deutschland überstand diese Rezession so gut, weil sowohl Hysterese als auch strukturelle Arbeitslosigkeit durch …

This paper examines the relationship between unemployment, real oil price and real interest rates in Canada. Instead of …/cointegration techniques which allow for the possibility that unemployment is highly persistent. In line with other studies, we find that all … equilibrium model with highly persistent shocks might be adequate to account for the observed behaviour of unemployment …

positive and statistically significant but small relationship between sales and unemployment at the aggregate level … employment. The mechanism we tested is the following: As the economy worsens and unemployment rises (and/or employment falls … sector’s variance in price dynamics. These components are significantly correlated with variations in unemployment and …

shocks to unemployment, but not after small changes. The result poses a challenge to theory, since most existing hysteresis …One of the stylized facts of unemployment is that shifts in its mean rate between decades and half-decades account for …-parametric density estimation techniques to identify the dates of infrequent changes in the mean of the unemployment rate series of 17 …

network (ARNN) unit root test (Yaya et al. 2021; Oxford Bulletin of Economics and Statistics), to investigate unemployment … plausibility of nonlinearity in the unemployment rate of these European countries. The results show non-rejection of unemployment …

We consider the problem of measuring transition probabilities across employment, unemployment and inactivity when …

A new test for hysteresis based on a nonlinear unobserved components model is proposed. Observed unemployment rates are … cyclical unemployment to have a different impact on the natural rate depending on the regime of the economy. The impact of …