key variables, inflation is found to respond negatively (positively) to an increase in unemployment (the federal funds … rate), holding other variables contemporaneously fixed. The real variables (output and unemployment) appear unresponsive to … positive effect on unemployment and negative effects on output, inflation and the federal funds rate …

We propose a bivariate structural time series framework to decompose GDP and the unemployment rate into their trend …

other time series structures. The analysis is applied to OECD data on unemployment for the period 1975.1 to 1993.4, and it … is found that four diverse countries (Australia, Canada, Japan and USA) not only have common trends in their unemployment …

This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …

This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the … UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate …. Specifically, when taking a univariate approach, the unit root null cannot be rejected in case of the UK and Japanese unemployment …