unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this … strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification … unemployment rates to pre-shock levels. …

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 …

unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this … strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification … unemployment rates to pre-shock levels. …