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 |
