Time Series Evidence of Unemployment Flows: The Sample Period Matters
失业流动的时间序列证据:样本时期的重要性
Worker flows to and from unemployment occur at all stages of the U.S. business cycle. The flows' dynamics affect the dynamics of the unemployment rate. This article studies the dynamics of unemployment flows and the unemployment rate and explores and documents changes over time. Rigorous diagnostic tests are used to investigate the structural stability of projectional relationships involving flows and the unemployment rate.