Sengul, Gonul; Tasci, Murat - 2014
, reducing the "natural" rate at first, but then getting closer to the baseline over time. Finally, we show that this … unemployment rate trend, that is the level of the unemployment rate the economy converges to in the long-run. In doing so, the …-shaped pattern for the unemployment rate trend over time in Turkey, currently standing between 8.5 and 9 percent, with an increasing …