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Franz, Wolfgang - 2000

This paper is devoted to a new estimation of the non-accelerating inflation rate of unemployment (NAIRU) for the West … German Economy 1980 to 1998. The novelty of the paper is the estimation of a time-varying NAIRU for West Germany employing …, the NAIRU for 1998 is estimated to lie between 7.9 and 8.5 percent. However, based on a presentation of the theoretical …

Persistent link: https://www.econbiz.de/10013428346

Measuring the UK short-run NAIRU

Batini, Nicoletta; Greenslade, Jennifer V. - 2003

This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … inflation will neither increase nor decrease in the short-run. We estimate the NAIRU jointly with price equations by using the …-run NAIRU measures prove helpful in predicting inflation and we demonstrate their usefulness in Taylor-type policy rules for the …

Persistent link: https://www.econbiz.de/10011517881

Will the (German) NAIRU please stand up?

Franz, Wolfgang - 2003

Persistent link: https://www.econbiz.de/10013428567

On household labour supply in sticky-wage HANK models

Gerke, Rafael; Giesen, Sebastian; Lozej, Matija; … - 2024 - November 24, 2023

Heterogeneous-agent New Keynesian models with sticky nominal wages usually assume that wage-setting unions demand the same amount of hours from all households. As a result, unions do not take account of the fact that (i) households are heterogeneous in their willingness to work, and that (ii)...

Persistent link: https://www.econbiz.de/10014467926

Three approaches to the evaluation of active labour market policy in East Germany using regional data

Hagen, Tobias - 2003

Persistent link: https://www.econbiz.de/10013428560

Does experience shape subjective expectations?

Rossmann, Tobias - 2019

This paper documents that individuals' expectations about macroeconomic outcomes are systematically linked with the experiences of these macroeconomic outcomes they have made during life. Focusing on expectations about national inflation, national unemployment and national business conditions, I...

Persistent link: https://www.econbiz.de/10012064821

Monetary policy rules under bounded rationality

Dobrew, Michael; Gerke, Rafael; Kienzler, Daniel; … - 2023

We study the welfare performance of various simple monetary policy rules under bounded rationality (BR) along the lines of Gabaix (2020) in a New Keynesian model with sticky wages and an effective lower bound (ELB) on interest rates. Policy strategies with a strong history dependence lose their...

Persistent link: https://www.econbiz.de/10014320809

Inequality and income dynamics in Germany

Drechsel-Grau, Moritz; Peichl, Andreas; Schmieder, Johannes - 2022

We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades. Combining personal income tax and social security data allows us – for the first time – to offer a complete picture of the distribution of annual earnings in Germany. We find...

Persistent link: https://www.econbiz.de/10013193660

Employment and wage effects of social security financing : an empirical analysis of the West German experience and some policy simulations

Steiner, Viktor - 1996

This paper follows up recent work on the relationship between (un)employment and wage effects of social security financing undertaken by the OECD Jobs Study. Based on a simple macroeconometric model of the labour market, I investigate whether the peculiar OECD results for Germany on the...

Persistent link: https://www.econbiz.de/10013428050

Flexibilität der qualifikatorischen Lohnstruktur und Lastverteilung der Arbeitslosigkeit : eine ökonometrische Analyse für Westdeutschland

Fitzenberger, Bernd; Franz, Wolfgang - 1997

Dieser Beitrag nimmt aus theoretischer und ökonometrischer Sicht zu der Kontroverse über die Bedeutung der qualifikatorischen Lohnstruktur zur Erklärung der Beschäftigungsstruktur Stellung. Basierend auf einer Einteilung in drei Qualifikationsgruppen zeigt sich empirisch, dass die Entlohnung...

Persistent link: https://www.econbiz.de/10013428116