Hysteresis and the European unemployment problem revisited

dc.contributor.author Galí, Jordi, 1961-ca
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.accessioned 2017-07-26T10:50:31Z
dc.date.available 2017-07-26T10:50:31Z
dc.date.issued 2015-06-01
dc.date.modified 2017-07-23T02:17:05Z
dc.description.abstract The unemployment rate in the euro area appears to contain a significant nonstationary component, suggesting that some shocks have permanent effects on that variable. I explore possible sources of this nonstationarity through the lens of a New Keynesian model with unemployment, and assess their empirical relevance.
dc.format.mimetype application/pdfca
dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1488
dc.identifier.uri http://hdl.handle.net/10230/24638
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1488
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.accessRights info:eu-repo/semantics/openAccess
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.keyword wage stickiness
dc.subject.keyword new keynesian model
dc.subject.keyword unemployment fluctuations
dc.subject.keyword phillips curve
dc.subject.keyword insider-outsider model.
dc.subject.keyword Macroeconomics and International Economics
dc.title Hysteresis and the European unemployment problem revisitedca
dc.type info:eu-repo/semantics/workingPaper

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