This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis … in the US states and the EU countries against the alternative of a natural rate. The results show that hysteresis for the …

network (ARNN) unit root test (Yaya et al. 2021; Oxford Bulletin of Economics and Statistics), to investigate unemployment … hysteresis in five European countries: France, Italy, the Netherlands, Sweden and the United Kingdom. Unit root tests applied in … plausibility of nonlinearity in the unemployment rate of these European countries. The results show non-rejection of unemployment …

This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis … in the US states and the EU countries against the alternative of a natural rate. The results show that hysteresis for the …

This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis … in the US states and the EU countries against the alternative of a natural rate. The results show that hysteresis for the …

In the long history of rising and persistent unemployment in Europe, almost all welfare-state institutions …-employment protection legislation, unions, wages, wage structure, unemployment insurance, etc.-have been alleged to have caused and found … external shocks were identified as more plausible causes of rising equilibrium unemployment in Europe. Monetary policy has …

We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected … European unemployment rates. They also generate positive comovements in macroeconomic variables and a large relative volatility … fact that liquidity constrained workers, facing earnings uncertainty in the context of imperfect unemployment insurance …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and … equilibrium paths. Hysteresis is viewed as the result of a selection between these different equilibrium paths. We use this model … of the 1970's may have played a central role in generating hysteresis …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … benchmarked against the EU. In part of the paper, we work with the concept of linear "Hysteresis" as described by the presence of … unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence of …

This paper investigates unemployment persistence in the 27 EU member states by applying fractional integration methods … in others and not changing in a minority of cases. On the whole, our results support the hysteresis hypothesis for the …

This paper investigates unemployment persistence in the 27 EU member states by applying fractional integration methods … in others and not changing in a minority of cases. On the whole, our results support the hysteresis hypothesis for the …