Fosten, Jack; Ghoshray, Atanu - In: Economic Modelling 28 (2011) 3, pp. 948-954
Previous studies use a variety of increasingly advanced unit root tests to determine whether Blanchard and Summers (1986) hysteresis theory of unemployment or the classical 'natural' rate theory of Friedman (1968) and Phelps (1967, 1968) is most relevant for a given country. However these tests...