Asymmetric unemployment rate dynamics in Australia

Gunnar Bårdsen, Stan Hurn and Zoe McHugh
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Zoe McHugh: Aberdeen Asset Managers Limited

No 71, NCER Working Paper Series from National Centre for Econometric Research

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.

Keywords: unemployement; non-linearity; dynamic modelling; aggregate demand; real wages (search for similar items in EconPapers)
JEL-codes: C12 C52 C87 E24 E32 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2011-02-15
New Economics Papers: this item is included in nep-lab
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http://www.ncer.edu.au/papers/documents/WPNo71.pdf (application/pdf)

Related works:
Journal Article: Asymmetric Unemployment Rate Dynamics in Australia (2012)
Working Paper: Asymmetric unemployment rate dynamics in Australia (2010)
Working Paper: Asymmetric unemployment rate dynamics in Australia (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:qut:auncer:2011_2

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