Alexius, Annika (contributor); Holmlund, Bertil (contributor) - 2007
job seekers” who are
7
jobless, willing and able to work but do not meet the search criteria for being classified as … remains after ten years. In fact, their estimated impulse response returns to zero already
after four years. Hence monetary … gap returns to zero after 23
quarters, while the effect on unemployment still persists also after ten years.
The …