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How Natural Is the Natural Rate of Unemployment? [PDF]

open access: yesChallenge, 2014
Must we accept unemployment rates of 5 and 6 percent? The author thinks the concept that such rates are natural has weakened our possible responses. He discusses other ways to share the burden of unemployment. We all have a right to work, he argues.
Komlos, John
core   +6 more sources

The Recent Evolution of the Natural Rate of Unemployment [PDF]

open access: yesSSRN Electronic Journal, 2011
The U.S. economy is recovering from the financial crisis and ensuing deep recession, but the unemployment rate has remained stubbornly high. Some have argued that the persistent elevation of unemployment relative to historical norms reflects the fact that the shocks that hit the economy were especially disruptive to labor markets and likely to have ...
Mary C. Daly   +2 more
core   +9 more sources

Structural rate of unemployment, hysteresis, human capital, and macroeconomic data

open access: yesNational Accounting Review, 2022
The relationship between the unemployment rate and the evolution of human capital is different depending on whether one subscribes to a neoclassical logic or to a hysteresis theory. This paper proposes that when the unemployment rate reaches a high level
Jean-Marie Le Page
doaj   +2 more sources

Productivity and the Natural Rate of Unemployment [PDF]

open access: yes, 2004
I propose an econometric model that improves upon existing methods of estimating the natural rate of unemployment (NAIRU) by using information contained in the trend of productivity growth. My approach enhances the recently proposed model of Staiger, Stock and Watson (1997) in several respects.
Jiri Slacalek
openaire   +3 more sources

Modeling the Unemployment Rate of IRAN: Structural Unemployment, Sectoral Changes and Unanticipated Monetary Policy [PDF]

open access: yesFaslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2020
The natural rate of unemployment is affected by a variety of factors, including sectoral shifts. However, the inclusion of such factors is ignored in most of the researches.
Salman Farajnia   +2 more
doaj   +1 more source

Determining Unemployment Hysteresis in European Countries Using Linear and Nonlinear Unit Root Tests: The 1991-2020 Period

open access: yesİstanbul İktisat Dergisi, 2022
Unemployment is accepted as an important macroeconomic problems in all countries. Due to the unemployment rate being an important variable, it is a priority target in economic policies.
Ayça Doğaner
doaj   +1 more source

Forecasting Unemployment Rate in the Aftermath of the Covid-19 Pandemic: The Turkish Case

open access: yesİzmir İktisat Dergisi, 2021
The coronavirus (Covid-19) pandemic caused the loss of lives, global problems, and the collapse of economies. Especially, the high unemployment rates in developing countries at present makes the unemployment rate predictions important.
Mustafa Batuhan Tufaner, İlyas Sözen
doaj   +1 more source

Hysteresis vs. natural rate of US unemployment [PDF]

open access: yesEconomic Modelling, 2012
Abstract This paper investigates the stochastic nature of the unemployment rate allowing for cross-section dependence from a panel of US state-level data. We first employ the PANIC method to identify the common and idiosyncratic components. Powerful recursive mean adjustment (RMA) methods are used to test for unit roots.
Ka Ming Cheng   +3 more
openaire   +1 more source

Enterprise Models in Terms of Sustainability

open access: yesTheory, Methodology, Practice, 2016
The economy, with its driving forces, operating conditions and the consumers’ motivation, plays the determining role in the forming of sustainability. The present paper examines a narrower issue within this: the structure of an enterprise model that can
Mária Illés
doaj   +2 more sources

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