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Dynamic Asymmetries in U.S. Unemployment

✍ Scribed by Gary Koop and Simon M. Potter


Book ID
124697511
Publisher
American Statistical Association
Year
1999
Tongue
English
Weight
500 KB
Volume
17
Category
Article
ISSN
0735-0015

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## Abstract This paper studies the joint dynamics of U.S. output and unemployment rate in a non‐linear VAR model. The non‐linearity is introduced through a feedback variable that endogenously augments the output lags of the VAR in recessionary phases. Sufficient conditions for the ergodicity of the