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~institution:"Banca d'Italia"
~institution:"Department of Economics, Auburn University"
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Hysteresis vs. Natural Rate of US Unemployment
Cheng, Ka Ming
;
Durmaz, Nazif
;
Kim, Hyeongwoo
;
Stern, …
-
Department of Economics, Auburn University
-
2011
This paper investigates the stochastic nature of the
unemployment
rate
allowing for cross-section dependence from a …
Persistent link: https://www.econbiz.de/10010862341
Saved in:
2
Centralization of wage bargaining and the
unemployment
rate
: revisiting the hump-shape hypothesis
Forni, Lorenzo
-
Banca d'Italia
-
2004
Is there a relation between wage bargaining institutions and unemployment? The humpshape hypothesis�, first introduced by Calmfors and Driffill (1988), states that countries with highly centralized and highly decentralized wage bargaining processes have a superior performance in terms of...
Persistent link: https://www.econbiz.de/10005113615
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