文章基本信息

标题：A Simple Nonlinear Dynamic Model for Unemployment: Explaining the Spanish Case
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作者：João Ricardo Faria ; Miguel A. León-Ledesma
期刊名称：Discrete Dynamics in Nature and Society
印刷版ISSN：1026-0226
电子版ISSN：1607-887X
出版年度：2008
卷号：2008
DOI：10.1155/2008/981952
出版社：Hindawi Publishing Corporation
摘要：Spanish unemployment is characterized by three distinct regimes of low, medium, and high unemployment and by a fast transition between them. This paper presents a simple nonlinear dynamic model that is able to explain this behavior with multiple equilibria and jumps describing the transition between equilibria. The model has only a small number of parameters capturing the fundamentals of labor markets and macroeconomic and institutional factors. The model is capable of generating unemployment dynamics that encompass the “unique” natural rate hypothesis, the structuralist hypothesis, and the hysteresis hypothesis.