What question did this study set out to answer?

The aim is to analyze the hysteresis effects of inflation and unemployment in EU member states from 1991 to 2023.

August 2, 2026SosyoekonomiOpen Access

Hysteresis in EU Member States: A Comprehensive Analysis Using the Fourier Approach

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Randomized trial examines inflation and unemployment dynamics in EU member states, suggesting tailored policy strategies.

The aim is to analyze the hysteresis effects of inflation and unemployment in EU member states from 1991 to 2023.
Utilized nonlinear econometric techniques including the Fourier KPSS test and ECM-based bootstrap cointegration analysis.
Analyzed long-run relationships and structural changes in inflation and unemployment across EU member states.
Found strong evidence of inflation hysteresis in most EU countries.
Observed selective unemployment hysteresis in Germany, Hungary, and Ireland.
Identified significant long-term cointegration between inflation and unemployment, challenging traditional Phillips Curve assumptions.

Sağlam et al. (2026) studied this question.

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