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firm formation exhibit hysteresis, such that shocks, including those induced by temporary policy interventions, have … deterministic breaks. We also present results for the different Spanish regions and industrial sectors. We find that hysteresis is …
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The paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia, a "big bang" approach was applied. That is to say, transition was conducted all of a sudden, omitting important underlying reforms. This practice should function as a shock...
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We search for the presence of hysteresis, which we define as aggregate demand shocks that have a permanent impact on … imposing the very existence of hysteresis effects, the credible set of the permanent impact uniformly contains zero. We detect …
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Die Arbeit versucht einen Beitrag zur Erklärung der Ursachen, der Verfestigung und der wirtschaftspolitischen Bekämpfung der langandauernden Arbeitslosigkeit in Deuschland zu leisten, indem es die Wechselwirkung zwischen ökonomischer und politischer Ebene in den Vordergrund stellt, was dem...
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