| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060603 | Economics Letters | 2012 | 4 Pages |
Abstract
⺠A stylized fact of European unemployment data is one of extreme persistence. ⺠We test this hypothesis using data for Germany and France. ⺠The unit root hypothesis is resoundingly rejected in the case of both countries. ⺠We attribute the European unemployment experience to a steady rise in the natural rate.
Related Topics
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Economics and Econometrics
Authors
Naveen Srinivasan, Pratik Mitra,