Asymmetric unemployment rate dynamics in Australia

The unemployment rate in Australia is modelled as an asymmetric and nonlinear function of aggregate demand, productivity, real interest rates, the replacement ratio and the real exchange rate. If changes in unemployment are big, the management of of demand, real interest rates and the replacement ratio will be good instruments to start bringing it down. The model is developed by exploiting recent developments in automated model-selection procedures.

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Year of publication:	2011-02-15
Authors:	Bardsen, Gunnar ; Hurn, Stan ; McHugh, Zoe
Institutions:	National Centre for Econometric Research (NCER)
Subject:	unemployement \| non-linearity \| dynamic modelling \| aggregate demand \| real wages

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Extent:	application/pdf
Series:	NCER Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 71 19 pages
Classification:	C12 - Hypothesis Testing ; C52 - Model Evaluation and Testing ; C87 - Econometric Software ; E24 - Employment; Unemployment; Wages ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008853872