Centurial evidence of breaks in the persistence of unemployment

C-Tier

Journal: Economics Letters

Year: 2015

Volume: 129

Issue: C

Pages: 74-76

Authors (2)

Ghoshray, Atanu (Newcastle University) Stamatogiannis, Michalis P. (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

A novel procedure is applied to test for switches between hysteresis and the natural rate theory over more than a century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early 1920s for the UK and 1930 for USA.

Centurial evidence of breaks in the persistence of unemployment

Authors (2)

Abstract

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