The Measurement of Persistence and Hysteresis in Aggregate Unemployment

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

Method and Hist of Econ Thought from University Library of Munich, Germany

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)
Date: 2003-11-11
New Economics Papers: this item is included in nep-lab and nep-mac
Note: Type of Document - pdf
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmh:0311002

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