Unemployment variation over the business
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Saeed Moshiri; Laura Brown
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Article
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2004
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John Wiley and Sons
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English
β 139 KB
## 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 nonβlinear and, therefore, the use of linear models to explain their behaviour and forecast their futur