Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.

This paper focuses on the analysis of persistence in the unemployment and inflation rates in a group of 38 OECD countries as well as the relationship between the two variables. For this purpose, fractional integration is used. The results indicate that the two individual variables are highly persist...

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Detalhes bibliográficos
Autores: Adebola Solarin, Sakiru, Lafuente Ibáñez, María Carmen, Gil Alana, Luis A., González Blanch, María Jesús
Tipo de documento: artigo
Data de publicação:2024
País:España
Recursos:Universidad Francisco de Vitoria
Repositório:DDFV. Repositorio Institucional de la Universidad Francisco de Vitoria
Idioma:inglês
OAI Identifier:oai:ddfv.ufv.es:10641/5576
Acesso em linha:https://hdl.handle.net/10641/5576
Access Level:Acceso aberto
Palavra-chave:Unemployment
Inflation
Persistence
Fractional integration
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spelling Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.Adebola Solarin, SakiruLafuente Ibáñez, María CarmenGil Alana, Luis A.González Blanch, María JesúsUnemploymentInflationPersistenceFractional integrationThis paper focuses on the analysis of persistence in the unemployment and inflation rates in a group of 38 OECD countries as well as the relationship between the two variables. For this purpose, fractional integration is used. The results indicate that the two individual variables are highly persistence, especially the unemployment rate, and evidence of mean reversion is only found in the cases of Colombia and Costa Rica for unemployment and in Norway for inflation. Conducting the analysis on the difference between the two variables, the order of integration is significantly smaller in a number of cases, and reversion to the mean takes place in the cases of Austria, Switzerland, Costa Rica, Israel and Turkey. Policy recommendations derived from the results are presented in the conclusion section of the manuscript.Springer20242024-01-0120242024-01-01journal articlehttp://purl.org/coar/resource_type/c_6501AOhttp://purl.org/coar/version/c_b1a7d7d4d402bcceinfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10641/5576reponame:DDFV. Repositorio Institucional de la Universidad Francisco de Vitoriainstname:Universidad Francisco de VitoriaInglésengopen accesshttp://purl.org/coar/access_right/c_abf2Attribution-NonCommercial-NoDerivatives 4.0 Internationalhttp://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:ddfv.ufv.es:10641/55762026-06-11T12:44:57Z
dc.title.none.fl_str_mv Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.
title Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.
spellingShingle Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.
Adebola Solarin, Sakiru
Unemployment
Inflation
Persistence
Fractional integration
title_short Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.
title_full Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.
title_fullStr Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.
title_full_unstemmed Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.
title_sort Persistence in the unemployment and inflation relationship. Evidence from 38 OECD countries.
dc.creator.none.fl_str_mv Adebola Solarin, Sakiru
Lafuente Ibáñez, María Carmen
Gil Alana, Luis A.
González Blanch, María Jesús
author Adebola Solarin, Sakiru
author_facet Adebola Solarin, Sakiru
Lafuente Ibáñez, María Carmen
Gil Alana, Luis A.
González Blanch, María Jesús
author_role author
author2 Lafuente Ibáñez, María Carmen
Gil Alana, Luis A.
González Blanch, María Jesús
author2_role author
author
author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv Unemployment
Inflation
Persistence
Fractional integration
topic Unemployment
Inflation
Persistence
Fractional integration
description This paper focuses on the analysis of persistence in the unemployment and inflation rates in a group of 38 OECD countries as well as the relationship between the two variables. For this purpose, fractional integration is used. The results indicate that the two individual variables are highly persistence, especially the unemployment rate, and evidence of mean reversion is only found in the cases of Colombia and Costa Rica for unemployment and in Norway for inflation. Conducting the analysis on the difference between the two variables, the order of integration is significantly smaller in a number of cases, and reversion to the mean takes place in the cases of Austria, Switzerland, Costa Rica, Israel and Turkey. Policy recommendations derived from the results are presented in the conclusion section of the manuscript.
publishDate 2024
dc.date.none.fl_str_mv 2024
2024-01-01
2024
2024-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
AO
http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10641/5576
url https://hdl.handle.net/10641/5576
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Attribution-NonCommercial-NoDerivatives 4.0 International
http://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:DDFV. Repositorio Institucional de la Universidad Francisco de Vitoria
instname:Universidad Francisco de Vitoria
instname_str Universidad Francisco de Vitoria
reponame_str DDFV. Repositorio Institucional de la Universidad Francisco de Vitoria
collection DDFV. Repositorio Institucional de la Universidad Francisco de Vitoria
repository.name.fl_str_mv
repository.mail.fl_str_mv
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