Narrow search
Showing 1 - 10 of 147
Cover Image
Hysteresis and Persistence in the Course of Unemployment: The EU and US Experience
Dreger, Christian; Reimers, Hans-Eggert - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by …. Hysteresis in EU unemployment is attributed to the idiosyncratic, but not to the common component. In contrast, idiosyncratic … components are stationary in the US. If hysteresis behaviour is also relevant here, it is more likely to arise in the common …
Persistent link: https://www.econbiz.de/10005068810
Cover Image
The New Keynesian Model and the Long-Run Vertical Phillips Curve: Does It Hold for Germany?
Gottschalk, Jan; Fritsche, Ulrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2005
contradicts the natural rate hypothesis, introduce a version of the New Keynesian model which allows for some hysteresis and …
Persistent link: https://www.econbiz.de/10005068985
Cover Image
Employment Growth, Inflation and Output Growth: Was Phillips Right?: Evidence from a Dynamic Panel
Caporale, Guglielmo Maria; Skare, Marinko - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...
Persistent link: https://www.econbiz.de/10009225992
Cover Image
On the Stability of the German Beveridge Curve: A Spatial Econometric Perspective
Kosfeld, Reinhold; Dreger, Christian; Eckey, Hans-Friedrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
In this paper, the framework of the aggregated Beveridge curve is used to investigate the effectiveness of the job matching process using German regional labour market data. For a fixed matching technology, the Beveridge curve postulates a negative relationship between the unemployment rate and...
Persistent link: https://www.econbiz.de/10005069059
Cover Image
Age Effects in the Okun's Law within the Eurozone
Hutengs, Oliver; Stadtmann, Georg - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012
We estimate Okun coefficients for five different age cohorts for several Eurozone countries. We find a stable pattern for all countries: The relationship between business-cycle fluctuations and the unemployment rate is the strongest for the youngest cohort and gets smaller for the elderly cohorts.
Persistent link: https://www.econbiz.de/10010568857
Cover Image
Testing Unemployment Theories: A Multivariate Long Memory Approach
Caporale, Guglielmo Maria; Gil-Alana, Luis A.; Lovcha, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013
This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate long memory methods are used. The results vary...
Persistent link: https://www.econbiz.de/10011015404
Cover Image
Google Econometrics and Unemployment Forecasting
Askitas, Nikos; Zimmermann, Klaus F. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...
Persistent link: https://www.econbiz.de/10004963751
Cover Image
International Migration to Germany: Estimation of a Time-Series Model and Inference in Panel Cointegration
Brücker, Herbert; Siliverstovs, Boriss; Trübswetter, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003
In this paper we study the determinants of international migration to Germany, 1967-2000. The empirical literature on macro-economic migration functions usually explains migration flows by a set of explanatory variables such as the income differential, employment rates, and migrations stocks as...
Persistent link: https://www.econbiz.de/10005068948
Cover Image
Does the Nominal Exchange Rate Regime Affect the Long Run Properties of Real Exchange Rates?
Dreger, Christian; Girardin, Eric - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007
This paper examines whether the behaviour of the real exchange rate is associated with a particular regime for the nominal exchange rate, like fixed and flexible exchange rate arrangements. The analysis is based on 16 annual real exchange rates and covers a long time span, 1870-2006. Four...
Persistent link: https://www.econbiz.de/10004963762
Cover Image
Does the Nominal Exchange Rate Regime Affect the Real Interest Parity Condition?
Dreger, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
The real interest partity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...
Persistent link: https://www.econbiz.de/10004963984