Fig. 17
From: Unemployment dynamics and the Beveridge curve in Greece
Cumulative responses to reforms undertaken at times of deepening economic recession. a Inflow rate (s) to unemployment. b Outflow rate (f) from unemployment. c Output growth. Notes: The cumulative dynamic multiplier function measures the cumulative response of the variable of interest to a unit change in the reforms undertaken at times of deepening economic recession. Standard errors have been calculated by bootstrapping the residuals (1000 replications were performed)