How to decode Unemployment Persistence: An econometric framework for identifying and comparing the sources of persistence

Research output: Book/ReportReport – Annual report year: 2017Researchpeer-review

Standard

How to decode Unemployment Persistence: An econometric framework for identifying and comparing the sources of persistence. / Møller, Niels Framroze.

2016. 29 p.

Research output: Book/ReportReport – Annual report year: 2017Researchpeer-review

Harvard

APA

CBE

MLA

Vancouver

Author

Bibtex

@book{28c32f5399b24740b6c8f169f962e3c8,
title = "How to decode Unemployment Persistence: An econometric framework for identifying and comparing the sources of persistence",
abstract = "Most econometric analyses of persistence focus on the existence of non-stationary unemployment but not the origin of this. The present research contains a multivariate econometric framework for identifying and comparing different sources of unemployment persistence (e.g. hysteresis versus a slowly moving equilibrium rate). A small example, considering historical data (1988-2006) for the UK, demonstrates how the method can be applied in practice. Although this primarily serves as an illustration, the evidence clearly suggests that persistence was due to a slowly moving equilibrium (driven by the price of crude oil) and not to hysteresis mechanisms.",
author = "M{\o}ller, {Niels Framroze}",
year = "2016",
language = "English",

}

RIS

TY - RPRT

T1 - How to decode Unemployment Persistence: An econometric framework for identifying and comparing the sources of persistence

AU - Møller, Niels Framroze

PY - 2016

Y1 - 2016

N2 - Most econometric analyses of persistence focus on the existence of non-stationary unemployment but not the origin of this. The present research contains a multivariate econometric framework for identifying and comparing different sources of unemployment persistence (e.g. hysteresis versus a slowly moving equilibrium rate). A small example, considering historical data (1988-2006) for the UK, demonstrates how the method can be applied in practice. Although this primarily serves as an illustration, the evidence clearly suggests that persistence was due to a slowly moving equilibrium (driven by the price of crude oil) and not to hysteresis mechanisms.

AB - Most econometric analyses of persistence focus on the existence of non-stationary unemployment but not the origin of this. The present research contains a multivariate econometric framework for identifying and comparing different sources of unemployment persistence (e.g. hysteresis versus a slowly moving equilibrium rate). A small example, considering historical data (1988-2006) for the UK, demonstrates how the method can be applied in practice. Although this primarily serves as an illustration, the evidence clearly suggests that persistence was due to a slowly moving equilibrium (driven by the price of crude oil) and not to hysteresis mechanisms.

M3 - Report

BT - How to decode Unemployment Persistence: An econometric framework for identifying and comparing the sources of persistence

ER -