Asymmetric Unemployment Rate Dynamics in Australia

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type , Preprint 01 Jan 2010 Australia English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Copyright policy )Funded by:FCT | D4

Authors: Bardsen, Gunnar; Hurn, Aubrey; McHugh, Zoe;

doi: 10.2139/ssrn.1532666 , 10.1515/1558-3708.1813

Asymmetric Unemployment Rate Dynamics in Australia

- Summary
- Subjects
- Metrics

Abstract

The unemployment rate in Australia is modelled as an asymmetric and nonlinear function of aggregate demand, productivity, real interest rates, the replacement ratio and the real exchange rate. If changes in unemployment are big, the management of of demand, real interest rates and the replacement ratio will be good instruments to start bringing it down. The model is developed by exploiting recent developments in automated model-selection procedures.

Country

Australia

Related Organizations

Department of Economics
Indonesia
Department of Economics
Switzerland
Queensland University of Technology
Australia
Departement of Economics
United States
Norwegian University of Science and Technology
Norway

Keywords

unemployement, non-linearity, dynamic modelling, aggregate demand, real wages, jel: jel:C52, jel: jel:C12, jel: jel:E32, jel: jel:C87, jel: jel:E24

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	2
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average