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at risk in the euro area and in the United States. We model the asymmetry of the shocks to changes in the unemployment … the unemployment rate displays time-varying volatility and skewness, with peaks coinciding with the Global Financial … risk defined as the possible joint event of large increases in the unemployment rate and large annual rates of inflation …
Persistent link: https://www.econbiz.de/10014362647
The global financial crisis which emerged in developed countries has spread to the developing world. Forecasts of growth in developing countries have been downgraded a lot and questions remain as to how profound, for how long these problems will broaden which countries will be affected more than...
Persistent link: https://www.econbiz.de/10010632476
as well as inflation and output the authors produce out-of-sample forecasts for 2000/2001. A comparison of these … significant beneficial employment effects of the policy mix. Other shifts were absent and thus cannot explain the outcome. Output …
Persistent link: https://www.econbiz.de/10005764580
The question of why the unemployment rate takes a long time before it reverts back to its natural-rate following a … adjustment to the steady-state unemployment and the degree of risk-aversion in firms are positively related. The reason is that …
Persistent link: https://www.econbiz.de/10005748084
In this paper we characterize the unemployment rate for the main cities of the Bío Bío Region using the state … for each structural model for monthly unemployment rate data which spans between I.1996 and XII.2005. We use an additive … cent for four cities); secondly, the hypothesis which states that seasonal peak levels for unemployment rate are related to …
Persistent link: https://www.econbiz.de/10005620097
distribution of transition probabilities from full employment to part employment, unemployment and economically unregistered … unemployment and vice a versa. Our results show that there are disparities in the transition probabilities across regions, implying …
Persistent link: https://www.econbiz.de/10008615020
distribution of transition probabilities from full employment to part employment, unemployment and economically unregistered … unemployment and vice a versa. Our results show that there are disparities in the transition probabilities across regions, implying …
Persistent link: https://www.econbiz.de/10008683502
employment and unemployment and vice a versa. Thus, statistical inferences are readily available. Our results show that there are …
Persistent link: https://www.econbiz.de/10005518410
This paper contributes to the growing literature that attempts to explain unemployment persistence. We show that when … stabilizing macroeconomic force that reduces unemployment inertia. …
Persistent link: https://www.econbiz.de/10005557905
unemployment rate. I show that the connection between changes in the stock market and changes in the unemployment rate has remained … unemployment. …
Persistent link: https://www.econbiz.de/10011083701