changes in output on unemployment are least sensitive for states with relatively large employment within government … manufacturing sectors. States with lower manufacturing employment have a less sensitive output to unemployment relationship, but the …

unemployment rate are estimated by Markov chain Monte Carlo methods. The Markov switching model is identified by constraining the … difference of the unemployment rate. Out of sample forecasts are obtained from Bayesian predictive densities. Although both …

Almost all institutions - employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … persistent unemployment in Europe. US labor market institutions, assumed to leave markets unfettered, became the benchmark for … unemployment has shielded away from the policy of central banks. Actually, however, the institutional setup regarding monetary …

This paper estimates the permanent and transitory movements in U.S. output and the unemployment rate and the … relationships between them. The results suggest that permanent movements in U.S. output and the unemployment rate are important for …

Almost all institutions – employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … persistent unemployment in Europe. US labor market institutions, assumed to leave markets unfettered, became the benchmark for … unemployment has shielded away from the policy of central banks. Actually, however, the institutional setup regarding monetary …

account deficit, exchange rate, unemployment, inflation, and mortgage rates. Second, we employ probit and logit regression …