This paper analyses the Nairu in the Euro Area and the influence that hysteresis had on its development. Using the … is applied here using explicit exogenous variables. In order to test for hysteresis, the dependence of the Nairu on … actual unemployment and long-term unemployment is estimated and found to be significant for the Euro Area and Germany …

unemployment is haunted by hysteresis. The curious history of the natural rate hypothesis is considered, curious because the … regarding hysteresis effects on output and unemployment is then reviewed. …This paper argues that the natural rate of unemployment hypothesis, in which equilibrium unemployment is determined by …

, equilibrium unemployment is haunted by hysteresis. The curious history of the natural rate hypothesis is considered, curious … evidence regarding hysteresis effects on output and unemployment is then reviewed. The implications for macroeconomic policy …This paper argues that the natural rate of unemployment hypothesis, in which equilibrium unemployment is determined by …

, equilibrium unemployment is haunted by hysteresis. The curious history of the natural rate hypothesis is considered, curious … evidence regarding hysteresis effects on output and unemployment is then reviewed. …This paper argues that the natural rate of unemployment hypothesis, in which equilibrium unemployment is determined by …

This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment … occurrence of shocks and hysteresis effects, the (mis-)measurement of important variables such as in ation expectations …, cointegration issues, and a time variability of the NAIRU and its confidence intervals. Despite many serious caveats a new attempt …

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders … contractionary effect on output. The temporary growth slowdown translates into output hysteresis (permanently lower output and labor …

In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular … employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders …. We found evidence in favor of mean reversion in the case of female unemployment and this happens for all the groups of …

In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular … employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders …. We found evidence in favor of mean reversion in the case of female unemployment and this happens for all the groups of …