Centurial evidence of breaks in the persistence of unemployment

Ghoshray, Atanu and Stamatogiannis, Michalis P ORCID: 0000-0002-7283-7550 (2015) Centurial evidence of breaks in the persistence of unemployment. Economics Letters, 129. pp. 74-76.

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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.

Item Type:	Article
Uncontrolled Keywords:	Unemployment, Hysteresis, Unit root, Dynamic persistence
Depositing User:	Symplectic Admin
Date Deposited:	03 Feb 2016 09:48
Last Modified:	16 Dec 2022 02:12
DOI:	10.1016/j.econlet.2015.02.012
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/2048740