Linzert, Tobias - In: Jahrbücher für Nationalökonomie und Statistik 224 (2004) 3, pp. 317-336
Summary This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a … first step, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two … variance decomposition display that price, demand, and labor supply shocks affect unemployment significantly in the short …