Results 171 to 180 of about 367,603 (208)

Hysteresis in East Asian unemployment

Applied Economics, 2009
High-performing Asian economies are quite distinctive with efficient, flexible and responsive labour markets. Comparing the persistence of unemployment in East Asian economies to that in Western countries is difficult due to the data's short time spans and possible structural breaks.
Hsiu-Yun Lee, Jyh-Lin Wu, Chiung-Hsiang Lin   +2 more
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Hysteresis in unemployment: A confidence channel

International Journal of Economic Theory, 2018
AbstractThis paper develops a general equilibrium rational expectations model with search and multiple equilibria where aggregate shocks have a permanent effect on the unemployment rate. If agents’ wealth decreases, for either fundamental (productivity) or non‐fundamental (sunspot) reasons, the unemployment rate can increase for a potentially ...
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Hysteresis in unemployment in the Netherlands

De Economist, 1988
The Dutch labour market situation in the eighties can be characterized by the hysteresis phenomenon, i. e. a rising natural rate of unemployment as a result of the rise of actual unemployment in the past. It appears that the hysteresis phenomenon is more important in The Netherlands than in France and the United States and as relevant as in Germany and
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Hysteresis in unemployment: Fact or fiction?

Economics Letters, 2012
Abstract A stylized fact of European unemployment dynamics is one of extreme persistence and possible unit root behavior. This has led to a major reconsideration of the natural rate paradigm. We apply the Kalman filter to estimate the natural rate of unemployment for Germany and France.
Naveen Srinivasan, Pratik Mitra
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Inflation, Unemployment and Hysteresis: An alternative view

Review of Political Economy, 2001
This paper integrates ideas concerning the influence of the interest rate on the rate of profits with an analysis of inflation and its relation with unemployment. Inflation is regarded, as in Kaleckian contributions, as resulting from inconsistent claims on income, but the approach taken leads to different conclusions concerning the effects of ...
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Hysteresis and sluggishness in Portuguese unemployment, 1977–88

International Review of Applied Economics, 1993
The phenomenon of unemployment persistence led to the development of alternative theories of unemployment. Among these the ‘hysteresis’ concept by Blanchard and Summers (1987) received a wide interest. Based on this notion we developed a generalized model that nests Blanchards and Summers’ theory.
Modesto, Leonor, Neves, João César das
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Hysteresis, Nairu and long term unemployment in Austria

Empirical Economics, 1990
The paper analyzes hysteresis or persistence effects in Austrian unemployment using formal unit root tests and a simple macroeconometric model of wage-price formation. The empirical results point towards a considerable amount of persistence in unemployment generated by the rising share of long-term unemployed that has been associated with the increase ...
Peter Neudorfer, K. Pichelmann, Michael Wagner   +2 more
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UNEMPLOYMENT HYSTERESIS IN POST-RECESSION ECONOMIES

ShodhKosh: Journal of Visual and Performing Arts, 2023
Unemployment hysteresis describes the phenomenon where temporary spikes in unemployment during recessions lead to persistent increases in the natural rate of unemployment, challenging traditional equilibrium models. This occurs through multiple channels: skill depreciation among long-term unemployed workers reduces employability; psychological ...
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Unemployment hysteresis and the NAIRU: a ratchet model

Applied Economics Letters, 2001
In the 1970s and 1980s the USA and European economies experienced unemployment rates that persistently drifted upwards. The present paper captures this phenomenon by a simple extension of the hysteresis approach to the natural rate hypothesis of unemployment using a ratchet model.
David J. Smyth, Joshy Z. Easaw
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Hysteresis in unemployment - comments [PDF]

, 2008
Larry Ball’s paper contains two basic ideas. The first is a second generation Phillips Curve which relates changes in inflation to the level of the unemployment rate and the second is the idea that monetary policy has extremely persistent effects on the unemployment rate, well beyond effects over the business cycle.
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