The Measurement of Persistence and Hysteresis in Aggregate Unemployment

O. Mikhail (), Curtis J. Eberwein and Jagdish Handa ()

Method and Hist of Econ Thought from EconWPA

Abstract: There exists no consensus regarding the definition and the measure of persistence. We aim to spark research interests to address the lack of a standard definition. This paper reviews this issue and proposes an informal definition to unemployment persistence.

Keywords: Hysteresis; Persistence; Business Cycle Fluctuations; Unemployment. (search for similar items in EconPapers)
JEL-codes: B41 E24 E32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-mac
Date: 2003-11-11
Note: Type of Document - pdf
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpmh:0311002

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