Schreiber, Sven - In: Applied Economics 44 (2012) 10, pp. 1315-1335
Given that for France, Germany, Italy and the Netherlands the unemployment rates are best classified as <italic>I</italic>(1), we apply permanent-transitory decompositions based on co-integrated Vector Autoregressions (VAR) with relevant variables (labour productivity, wages, tax wedges, foreign relative prices)...