This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal … Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

We assess the stability of the unemployment gap parameter using linear dynamic Phillips curve models for the United … States. In this study, we allow the unemployment gap parameter to be time-varying such that we can monitor the importance of …

We assess the stability of the unemployment gap parameter using linear dynamic Phillips curve models for the United … States. In this study, we allow the unemployment gap parameter to be time-varying such that we can monitor the importance of …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …

. One of the policies necessary to achieve stabilization is full employment. However, the growth rate of unemployment in … the unemployment problem, the volatility of the growth rate of unemployment has to be known in order to launch appropriate … employed to estimate the volatility with symmetric and asymmetric effects. The monthly data on unemployment is downloaded to …

Despite a low unemployment rate, wage growth in the U.S. was negligible during the 2013-2015 period. Conventional … linear models of the relationship between wages and unemployment, the so- called wage Phillips curve (WPC), and previous … models of the WPC that rely on regime-switching driven only by changes in unemployment, provide a poor fit in the aftermath …

, interest rates and unemployment in a cointegration framework. Utilizing the nonlinear auto-regressive distributed lag (NARDL …) approach, we show the asymmetric responses of unemployment to changes in oil prices, oil price uncertainty and interest rates … increased unemployment while there is no significant impact of reduced oil prices. On the other hand, reduced oil price …