Modelling the behaviour of unemployment rates in the US over time and across space

"This paper provides evidence that unemployment rates across US states are stationary and therefore behave according to the natural rate hypothesis. We provide new insights by considering the effect of key variables on the speed of adjustment associated with unemployment shocks. A highly-dimens...

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Detalles Bibliográficos
Autores Principales: Holmes, Mark J., Otero, Jesús, Panagiotidis, Theodore
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: 2013
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/22805
https://doi.org/10.1016/j.physa.2013.07.023