Stability of activity-unemployment relationship in a codependent system
A recursive codependence analysis is proposed for investigating the stability of the activity-unemployment relationship. Besides some noticeable statistical advantages, this new method provides a more accurate evaluation of conjunctural employment policies. It appears that for most countries, the delay necessary to absorb a shock is low, indicating that conjunctural stabilization mechanisms and/or employment policies serve their purpose.
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Volume (Year): 7 (2000)
Issue (Month): 10 ()
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