Gali, Jordi, (2015), «Hysteresis and the European unemployment problem revisited», ECB Forum on Central Banking, May
The unemployment rate in the euro area appears to contain a significant non-stationary component, suggesting that some shocks have permanent effects on that variable. I explore possible sources of this non-stationarity through the lens of a New Keynesian model with unemployment, and assess their empirical relevance.
- Fatás, Antonio, Summers, Lawrence, (2016), «Hysteresis and fiscal policy during the Global Crisis», VoxEu, 12 Οκτωβρίου
- Mourougane, Annabelle, Botev, Jarmila, Fournier, Jean-Marc, Pain Nigel, Rusticelli, Elena, (2016), «Can an increase in public investment sustainably lift economic growth?», OECD Economics Department Working Paper No 1351, 24 Νοεμβρίου