All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Juan carlos Cuestas and Barry Harrison
 
''Unemployment hysteresis in the EU15: Has anything changed?''
( 2014, Vol. 34 No.4 )
 
 
The financial crisis of 2008 quickly spread from the USA to the world's major economies and might have impacted on the persistence of unemployment. This might happen because the crisis ushered in recession to every country affected and, in the aftermath, most countries have pursued austerity measures to reduce their growing levels of debt. This paper analyses the dynamics of unemployment in the EU 15 and the USA to assess whether these dynamics have changed over our sample period.
 
 
Keywords: Unit roots, structural breaks, unemployment, persistence, EU.
JEL: C2 - Single Equation Models; Single Variables: General
E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
 
Manuscript Received : Sep 13 2014 Manuscript Accepted : Nov 05 2014

  This abstract has been downloaded 562 times                The Full PDF of this paper has been downloaded 104267 times