Camarero, Mariam; Silvestre, Josep Lluis Carrion; … - Facultat d'Economia i Empresa, Universitat de Barcelona - 2004
This paper tests hysteresis effects in unemployment using panel data for 19 OECD countries covering the period 1956-2001. The tests exploit the cross-section variations of the series, and additionally, allow for a different number of endogenous breakpoints in the unemployment series. The...