This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment … occurrence of shocks and hysteresis effects, the (mis-)measurement of important variables such as in ation expectations …, cointegration issues, and a time variability of the NAIRU and its confidence intervals. Despite many serious caveats a new attempt …

estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent following roughly the … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …

, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …

explains the concept of panel unit roots and panel cointegration and introduces the underlying empirical approach. Next …

categories on unemployment have been extensively discussed in the empirical literature. However, interaction effects between … explanatory power of macroeconomic models explaining unemployment. The approach permits to tackle model specification problems …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

-specific unemployment rates in 1997. The required nominal wage reductions range from 8.8 to 12.2% and are the higher the lower the employees …

In this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical … literature on the oil-unemployment relationship and relate them to the German case. Secondly, we illustrate this issue within the … 1973 to 2008, we show that oil price increases induce a rise in unemployment in the German labor market. Moreover, for a …

In this paper, we study the effect of skill-biased technological change on unemployment when benefits are linked to the …, unemployment rises. More generally, we show that skill-biased technological change leads to increasing unemployment of the … inequality and unemployment under different social benefits regimes: Analyzing the social legislation in 14 countries, we find …