Hysteresis and the European unemployment problem revisited
"The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some shocks have permanent effects on that variable. I explore possible sources of this nonstationarity through the lens of a New Keynesian model with unemployment, and assess their...
| Main Author: | |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Frankfurt am Main
2015
ECB |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19100584124919287669-Hysteresis-and-the-european-un.htm |
| _version_ | 1771659897387089920 |
|---|---|
| author | Galí, Jordi |
| author_facet | Galí, Jordi |
| collection | Library items |
| description | "The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some shocks have permanent effects on that variable. I explore possible sources of this nonstationarity through the lens of a New Keynesian model with unemployment, and assess their empirical relevance." |
| format | TEXT |
| geographic | EU countries USA |
| id | 19100584124919287669_1a3fd10a93ce4524afcddb4e9341be81 |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19100584124919287669_1a3fd10a93ce4524afcddb4e9341be81 |
| is_hierarchy_title | Hysteresis and the European unemployment problem revisited |
| language | English |
| physical | 44 p. Digital |
| publishDate | 2015 |
| publisher | Frankfurt am Main ECB |
| spellingShingle | Galí, Jordi business cycle unemployment wages Hysteresis and the European unemployment problem revisited |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=107871392505 |
| title | Hysteresis and the European unemployment problem revisited |
| topic | business cycle unemployment wages |
| url | https://www.labourline.org/KENTIKA-19100584124919287669-Hysteresis-and-the-european-un.htm |