NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Hysteresis in Unemployment: Old and New Evidence

Laurence M. Ball

NBER Working Paper No. 14818
Issued in March 2009

---- Acknowledgements -----

This paper was prepared for "A Phillips Curve Retrospective" sponsored by the Federal Reserve Bank of Boston in June 2008. I am grateful for research assistance from Sandeep Mazumder and for comments from V.V. Chari, Jordi Gali, Engelbert Stockhammer, two anonymous referees, and conference participants. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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