The persistence of unemployment in the USA and Europe in terms of fractionally ARIMA models

This article examines the persistence of unemployment in the USA and four European countries by means of fractionally integrated ARMA (ARFIMA) models. In doing so, a type of flexibility in modelling low-frequency dynamics not achieved by non-fractionally ARIMA models can be provided. The results indicate that the unemployment series are much more persistent in some countries such as the UK and France, than in others including Germany or the USA.

MoreLess

Year of publication:	2001
Authors:	Gil-Alana, Luis
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 33.2001, 10, p. 1263-1269
Publisher:	Taylor & Francis Journals

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009210039