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 …

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 …

This paper revisits the dynamics of unemployment rate for 29 OECD countries over the period of 1980-2013. Numerous … empirical studies of the dynamics of unemployment rate are carried out within a linear framework. However, unemployment rate can … time series exhibits nonlinear behaviour. Our empirical findings provide significant evidence in favour of unemployment …

I examine whether the cyclical behavior of unemployment has changed over the post WWII period. Specifically, I test … whether cyclical movements in unemployment have become more persistent. Finding that they have, indeed, become more persistent … payroll employment as well as unemployment and that increased persistence appears to be widespread across industries. At the …

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

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

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 …

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 …

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 …