• closedAccess   Common smooth transition trend-stationarity in European unemployment 

      Franchi, M.; Ordóñez, Javier Elsevier (2008)
      This paper analyzes the hypothesis of hysteresis in Europe. The results are favorable to smooth transition trend-stationarity in European unemployment rates around highly persistent structural changes. In addition, we find ...
    • openAccess   Re-examining inequality persistence 

      Ghoshray, Atanu; Monfort Bellido, Mercedes; Ordóñez, Javier Institute for the World Economy (2020-01-20)
      Although it is not a new phenomenon, in recent years inequality has moved to the top of the political agenda given the concern that will result in political instability and social resentment. Persistence in inequality can ...