Centurial evidence of breaks in the persistence of unemployment

Atanu Ghoshray; Michalis P. Stamatogiannis

doi:10.1016/j.econlet.2015.02.012

Centurial evidence of breaks in the persistence of unemployment

Atanu Ghoshray, Michalis P. Stamatogiannis

Department of Economics

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Abstract

A novel procedure is applied to test for switches between hysteresis and the natural rate theory over more than a century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early 1920s for the UK and 1930 for USA.

Original language	English
Pages (from-to)	74-76
Journal	Economics Letters
DOIs	https://doi.org/10.1016/j.econlet.2015.02.012
Publication status	Published - Apr 2015

Keywords

unemployment
Hysteresis
unit root
Dynamic Persistence
persistence breaks

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.econlet.2015.02.012

GhoshrayStamatogiannis2015Submitted manuscript, 113 KB

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title = "Centurial evidence of breaks in the persistence of unemployment",

abstract = "A novel procedure is applied to test for switches between hysteresis and the natural rate theory over more than a century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early 1920s for the UK and 1930 for USA.",

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KW - Hysteresis

KW - unit root

KW - Dynamic Persistence

KW - persistence breaks

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DO - 10.1016/j.econlet.2015.02.012

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SN - 0165-1765

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EP - 76

JO - Economics Letters

JF - Economics Letters

ER -

Centurial evidence of breaks in the persistence of unemployment

Abstract

Keywords

UN SDGs

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