is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of … hysteresis effect - is quite popular among economists. However, because of an identification problem, much of the empirical … evidence for hysteresis. …

rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate co-integration … contradicts the natural rate hypothesis, introduce a version of the New Keynesian model which allows for some hysteresis and …

of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …

) estimation methods. To obtain the result, the short run homogeneity restriction between money and prices is relaxed. In addition …

of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …

is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of … "hysteresis" effect - is quite popular among economists. However, because of an identification problem, much of the empirical … the explanatory variables. Building on a cointegration model of the employment rate in West Germany, I find only weak …

path‐dependent play‐hysteresis into a regression framework. The hysteretic impact of real exchange rates on German exports …A non‐linear model is applied, where suddenly strong spurts of exports occur when changes of the exchange rate go … is estimated based on the period from 1995Q1 to 2010Q3. Looking at some of the main export partners of Germany outside …

exports is then estimated based on quarterly data from 1995Q1 to 2010Q3. For some of the main export partners of Germany …A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond … describing path-dependent play-hysteresis into a regression framework. The hysteretic impact of real exchange rates on German …