Hysteresis and the European Unemployment Problem Revisited
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https://www.nber.org/papers/w21430
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资源简介：
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
提供机构：
美国国家经济研究局
创建时间：
2015-08-01
