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 long run …

whether the peculiar OECD results for Germany on the incidence of social security contributions and taxes also hold up within … in Germany. The main result of the paper is that there is in fact a positive shortrun employment effect of a revenue …

Total employment in Germany is supposed to increase if people could realize their desired working hours. However, this … additional work-sharing in Germany. Furthermore, the match between actual and desired hours of Germans would improve if Germans … that hours restrictions shrank over time, which means, Germany seems to be moving towards a more flexible labor market. …

stochastic volatility of asset prices and to give theoretical arguments for empirically well documented facts. We show that … stochastic volatility. …