Asymmetric Unemployment Rate Dynamics in Australia

Gunnar Bårdsen, Stan Hurn and McHugh Zöe ()
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McHugh Zöe: Aberdeen Asset Managers Limited

Studies in Nonlinear Dynamics & Econometrics, 2012, vol. 16, issue 1, 22

Abstract: The unemployment rate in Australia is modelled as an asymmetric and nonlinear function of aggregate demand, productivity, real interest rates, the replacement ratio and the real exchange rate. If changes in unemployment are big, the management of of demand, real interest rates and the replacement ratio will be good instruments to start bringing it down. The model is developed by exploiting recent developments in automated model-selection procedures.

Date: 2012
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Related works:
Working Paper: Asymmetric unemployment rate dynamics in Australia (2011)
Working Paper: Asymmetric unemployment rate dynamics in Australia (2010)
Working Paper: Asymmetric unemployment rate dynamics in Australia (2010)
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DOI: 10.1515/1558-3708.1813

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