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Modelling Asymmetric Unemployment Dynamics: The Logarithmic-Harmonic Potential Approach
Asymmetric behaviour has been documented in unemployment rates which increase quickly in recessions but decline relatively slowly during expansions. To model such asymmetric dynamics, this paper provides a rigorous derivation of the asymmetric mean-reverting fundamental dynamics governing the unempl...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
MDPI
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8947050/ https://www.ncbi.nlm.nih.gov/pubmed/35327911 http://dx.doi.org/10.3390/e24030400 |