• Multiple Unemployment Equilibria: Do Transitory Shocks Have Permanent Effects? 

      Akram, Q. Farooq (Working Papers;6/1999, Working paper, 1999)
      This paper tests for multiple equilibria in the Norwegian unemployment rate and investigates whether it displays asymmetric response to positive and negative shocks. Linear and nonlinear univariate models are employed to ...
    • Testing Steady-State Implications for the NAIRU 

      Bårdsen, Gunnar; Nymoen, Ragnar (Working Papers;3/2000, Working paper, 2000)
      Estimates of the NAIRU are usually derived either from a Phillips curve or from a wage curve. This paper investigates the correspondence between the operational NAIRU-concepts and the steady state of a dynamic wage-price ...