Belke, Ansgar; Göcke, Matthias; Werner, Laura - 2014
have an influence on the current economic relations. Typical examples are the dynamics of (un)employment in business cycles … correctly titled as 'hysteresis'. Empirical research in economics is using different methods in order to capture path …, we give an overview of the implementation of hysteresis in economics, with an emphasis on two aspects: (1) the …