Amable, Bruno; Henry, Jérôme; Lordon, Frédéric; … - In: Journal of Economic Studies 20 (1993) January, pp. 123-135
Hysteresis is one of the main concepts used in Layard, Nickell and Jackman's book, Unemployment: Macroeconomic Performance and the Labour Market. Attempts to clarify the concept of hysteresis, from its formal representation to its empirical applications. Emphasizes the idea that hysteresis...
