Hysteresis in Unemployment: Evidence from OECD Estimates of the Natural Rate
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https://www.nber.org/papers/w29343
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资源简介：
This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates for 29 countries from the OECD. We find strong evidence of hysteresis: an innovation in u causes u* to change in the same direction, and therefore has permanent effects. For our
提供机构：
美国国家经济研究局
创建时间：
2021-10-01
