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The Contribution of Structural Shocks to Australian Unemployment

✍ Scribed by Chris Heaton; Paul Oslington

Book ID
108573174
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
248 KB
Volume
78
Category
Article
ISSN
0013-0249

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One of the stylized facts of unemployment is that shifts in its mean rate between decades and half-decades account for most of its variance. In this paper, we use a statistical analysis based on Markov switching regression models to identify the dates of infrequent changes in the mean of the unemplo