| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP739 |
| DP739 Illusive Persistence in German Unemployment | |
| Klaus F. Zimmermann | |
| 发表日期 | 1992-11-30 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | The non-stationarity of many macroeconomic time series has lead to an increased demand for economic models that are able to generate fragile equilibria. For instance, in this literature the natural unemployment rate is allowed to shift over time depending on past unemployment. Actually, many European unemployment series seem to exhibit a unit root or persistence. This view is questioned in the paper using German data on unemployment. A new class of time-series models, the fractionally integrated ARMA model, that allows the difference parameter to take real values, enables the researcher to separate long memory and short memory in the data. It is shown that using this approach the unit root hypothesis is rejected but unemployment exhibits long memory. |
| 关键词 | Fractional integration Hysteresis Long memory Persistence Unemployment |
| URL | https://cepr.org/publications/dp739 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529894 |
| 推荐引用方式 GB/T 7714 | Klaus F. Zimmermann. DP739 Illusive Persistence in German Unemployment. 1992. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Klaus F. Zimmermann]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Klaus F. Zimmermann]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Klaus F. Zimmermann]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
