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Summary 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 …
Persistent link: https://www.econbiz.de/10014608832
Information on individuals holding managerial or supervisory positions within establishments is important for various aspects of labour market research. However, identifying managers or supervisors in German administrative records is not straightforward. This paper uses survey information from...
Persistent link: https://www.econbiz.de/10014514126
measure of expected inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is … our suggestion, one estimates the unemployment rate that is compatible with a tolerable inflation rate of say 2 percent … that the NAIRU compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of …
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Summary This paper analyses the inflation rate in Germany by means of a common trends model. Starting from an IS … next step, we identify structural shocks with permanent and transitory effects and study their impacts on the inflation … rate. We find that permanent supply shocks increase long-run inflation while transitory supply shocks temporarily decrease …
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