Common smooth transition trend-stationarity in European unemployment

Massimo Franchi, Javier Ordóñez

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

This paper analyzes the hypothesis of hysteresis in Europe. The results are favorable to smooth transition trend-stationarity in European unemployment rates around highly persistent structural changes. In addition, we find evidence of a common force that generates this nonlinear behavior
Original languageEnglish
Pages (from-to)106-109
Number of pages4
JournalEconomics Letters
Volume101
Issue number2
Early online date12 Jul 2008
DOIs
Publication statusPublished - 2 Nov 2008

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