economy. While about half of all studies for the United States find a significant effect of unemployment and inflation on … choice of the sample period is of crucial importance. While in the very long run we find unemployment, inflation and the …

affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment. …

Up to now there was a general conviction that increasing unemployment and inflation have a negative impact on the … the Schröder government. While the results for the former show the known pattern, neither unemployment nor inflation is … government’s popularity. This was true for Germany as well, but it does not seem to hold any longer. This paper first reviews the …

employment effects. We quantify these effects for Germany. Following Borjas (2003), we estimate a structural model of labor … unemployment which we model in a price-wage-setting framework. Simulating a counterfactual scenario without restrictions for … migration from new EU members countries, we find moderate negative wage effects, combined with increased unemployment for some …

A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers … equilibrium search model of the labor market with an endogenous number of contacts between workers and firms. Workers contact … approximately half of the 4.7% loss. There is a potential role for activating labor market policies, because I show that for the …

compares price inflation before the crisis with the necessary and actual price cuts that have taken place since the outbreak of … the crisis, predicting a decade of stagnation for the south and inflation for the north. Keynesian demand policy is …

repression in domestic interest rates—to avoid an avalanche of foreign capital inflows that would threaten inflation and asset …

import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …

The sovereign debt crisis has made it clear that central banking is more than keeping inflation low. Central banks are …