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Bai-Perron Estimates of OECD Natural Rates of Unemployment 1955-2011

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http://www.scirp.org/journal/PaperInformation.aspx?PaperID=50231#.VDIsmVfHRK0

Bai and Perron’s method for detecting multiple, unknown structural breaks is used to estimate natural rates of unemployment for 19 OECD countries from 1955-2011. Natural rates are lowest in the early period, then, rise in the mid-1970s and early-1980s in most countries. Several countries see declines in the late-1990s or early-2000s.
Cite this paper
Shannon, M. and Moazzami, B. (2014) Bai-Perron Estimates of OECD Natural Rates of Unemployment 1955-2011. iBusiness, 6, 143-149. doi: 10.4236/ib.2014.63015. 
 

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