Detecting unemployment hysteresis: a simultaneous unobserved components model with Markov switching
"We construct a new Markov-switching unobserved components framework for the analysis of hysteresis effects. Our model unifies the ingredients of trend-cycle decomposition, identification of spillovers between the components and asymmetry over the business cycle. Employing the model for Germany...
| Main Authors: | , |
|---|---|
| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Nürnberg
2015
IAB |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19109360124919275429-Detecting-unemployment-hystere.htm |
