Advances and Applications in Statistics
Volume 37, Issue 2, Pages 171 - 186
(December 2013)
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A NOTE ON AN UNEMPLOYMENT MODEL DYNAMICS AND ESTIMATION OF PARAMETERS
M. Li and M. Predescu
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Abstract: This study is concerned with a rational discrete time model that deals with short run inflation and unemployment dynamics. The discrete time system, for which we are exploring the stability properties of solutions, builds upon a model of Soliman [5]. A statistical model that involves random errors is constructed. Using real data, the model is used for parameter estimation and predictions. |
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