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Capital Accumulation, Labour Market Institutions, and Unemployment in the Medium Run

Stockhammer, Engelbert; Klär, Erik - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the medium run. The actual empirical explanatory power of measures for labour market institutions, however, has been called into question recently (Baker et al 2005, Baccaro and Rei...

Persistent link: https://www.econbiz.de/10004963721

Long Memory in UK Real GDP, 1851-2013: An ARFIMA-FIGARCH Analysis

Caporale, Guglielmo Maria; Skare, Marinko - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

This paper analyses the long-memory properties of both the conditional mean and variance of UK real GDP over the period 1851-2013 by estimating a multivariate ARFIMA-FIGARCH model (with the unemployment rate and inflation as explanatory variables). The results suggest that this series is...

Persistent link: https://www.econbiz.de/10010786996

Time-varying Nairu and Real Interest Rates in the Euro Area

Logeay, Camille; Tober, Silke - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003

This paper analyses the Nairu in the Euro Area and the influence that monetary policy had on its development. Using the … Kalman-filter technique we find that the Nairu has varied considerably since the early seventies. The Kalman-filter technique … explain a quarter of the increase in the Nairu between 1980 and 1995. This indicates the possibility of a long-run non …

Persistent link: https://www.econbiz.de/10004963663

Testing Unemployment Theories: A Multivariate Long Memory Approach

Caporale, Guglielmo Maria; Gil-Alana, Luis A.; Lovcha, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

multivariate methods instead, higher orders of integration are still found for the UK and Japanese series, but the NAIRU hypothesis …

Persistent link: https://www.econbiz.de/10011015404

Persistence and Cycles in US Hours Worked

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...

Persistent link: https://www.econbiz.de/10010535254

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

Employment Fluctuations and Dynamics of the Aggregate Average Wage in Poland 1996 - 2003

Myck, Michal; Morawski, Leszek; Mycielski, Jerzy - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

The aggregate average wage is often used as an indicator of economic performance and welfare, and as such often serves as a benchmark for changes in the generosity of public transfers and for wage negotiations. Yet if economies experience a high degree of (nonrandom) fluctuation in employment...

Persistent link: https://www.econbiz.de/10004963756

Effekte einer Arbeitszeitverkürzung: empirische Evidenz für Frankreich

Logeay, Camille; Schreiber, Sven - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2003

In diesem Papier wird an Hand eines Vektorfehlerkorrekturmodells (VECM) für den französischen Arbeitsmarkt untersucht, wie sich die dort Anfang 2000 eingeführte Verkürzung der Regelarbeitszeit in Verbindung mit Subventionen der Sozialversicherungsbeiträge ausgewirkt hat. Theoretisch sind...

Persistent link: https://www.econbiz.de/10005068646

Unemployment and Productivity Growth: An Empirical Analysis within the Augmented Solow Model

Bräuninger, Michael; Pannenberg, Markus - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2000

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised Solow-type growth model, yields some answers. In the traditional Solow model, unemployment has no long-run influence on the growth rate and the level of productivity....

Persistent link: https://www.econbiz.de/10005068653

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 means of first and second generation panel unit root tests. While the former tests assume independent cross sections, the latter control for dependencies. The first generation tests...

Persistent link: https://www.econbiz.de/10005068810