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parameter restrictions. A cointegration analysis for the unified Germany reveals a long rum relationship between real wages …. We compare these results to results from a standard SVECM and find that, using the Subset VECM reduces estimation … uncertainty. In contrast to previous studies for West Germany, we find that, unemployment is equally determined by technology …
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We analyze daily changes of two log foreign exchange (FX) rates involving the Deutsche Mark (DEM) for the period 1975 - 1998, namely FX-rates measured against the US dollar (USD) and the Japanese yen (JPY). Ta account for volatility e1ustering we fit a GARCH(l,l)-model with leptokurtic...
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-tier labour market for temporary employment in Germany. -- mobility ; unemployment ; Fixed-term contracts ; dynamic wages …Amid lively debate on the consequences of temporary employment, the paper examines the wages and transitions of … temporary employees in Germany using socio-economic panel data from the late 1990s. Compared to simple OLS estimates, using a …
Persistent link: https://www.econbiz.de/10009627289
Multivariate Volatility Models belong to the class of nonlinear models for financial data. Here we want to focus on multivariate GARCH models. These models assume that the variance of the innovation distribution follows a time dependent process conditional on information which is generated by...
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This paper investigates whether job stability in western Germany shows any signs of decline and compares the findings …
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