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Productivity and unemployment over the business cycle

✍ Scribed by Regis Barnichon


Book ID
113726139
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
395 KB
Volume
57
Category
Article
ISSN
0304-3932

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## Abstract Asymmetry has been well documented in the business cycle literature. The asymmetric business cycle suggests that major macroeconomic series, such as a country's unemployment rate, are non‐linear and, therefore, the use of linear models to explain their behaviour and forecast their futur