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On the evidence of non-linear structure in Canadian unemployment

✍ Scribed by Mikhail *, Ossama; Eberwein, Curtis J.; Handa, Jagdish


Book ID
121525209
Publisher
Taylor and Francis Group
Year
2005
Tongue
English
Weight
114 KB
Volume
12
Category
Article
ISSN
1350-4851

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The non-linear dynamics of output and un
✍ Filippo Altissimo; Giovanni L. Violante πŸ“‚ Article πŸ“… 2001 πŸ› John Wiley and Sons 🌐 English βš– 454 KB

## 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