The Role of Recurrence Plots in Characterizing the Output-Unemployment Relationship: An Analysis |
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| Authors: | Petre Caraiani Emmanuel Haven |
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| Institution: | 1. Institute for Economic Forecasting, Romanian Academy, Bucharest, Romania.; 2. School of Management and Institute of Finance, University of Leicester, Leicester, United Kingdom.; Humboldt University, Germany, |
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| Abstract: | We analyse the output-unemployment relationship using an approach based on cross-recurrence plots and quantitative recurrence analysis. We use post-war period quarterly U.S. data. The results obtained show the emergence of a complex and interesting relationship. |
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