2012
DOI: 10.26509/frbc-wp-201224
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The Ins and Outs of Unemployment in the Long Run: Unemployment Flows and the Natural Rate

Abstract: Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in… Show more

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Cited by 31 publications
(95 citation statements)
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“…We believe that this exercise not only is valuable in its own right, but also allows us to highlight usefulness of the approach taken by Tasci (2012) in the face of interesting challenges posed by various structural issues experienced by many economies. For instance, many developing countries, Turkey included, have a very limited data span that covers substantial changes in the aggregate economy.…”
Section: Introductionmentioning
confidence: 98%
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“…We believe that this exercise not only is valuable in its own right, but also allows us to highlight usefulness of the approach taken by Tasci (2012) in the face of interesting challenges posed by various structural issues experienced by many economies. For instance, many developing countries, Turkey included, have a very limited data span that covers substantial changes in the aggregate economy.…”
Section: Introductionmentioning
confidence: 98%
“…In an effort to face this challenge, recent studies approached the problem by estimating the unemployment rate trend using the underlying flow rates. For instance, Tasci (2012) uses data on flows between employment and unemployment and, in the context of the U.S. labor markets, argues that this method provides an estimate of the natural rate that has several desirable statistical features while being theoretically very close to the language of the modern theory of unemployment. In this paper, we adopt his methodology to estimate the natural rate of unemployment for Turkey.…”
Section: Introductionmentioning
confidence: 99%
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