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Will the (German) NAIRU Please Stand up?
Franz, Wolfgang - 2003
" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical …, cointegration issues, and a time variability of the NAIRU and its confidence intervals. Despite many serious caveats a new attempt … is made to estimate a NAIRU for Germany based on conventional Phillips curves as well as on new approaches such as using …
Persistent link: https://www.econbiz.de/10010297287
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The Phillips Curve and NAIRU Revisited: New Estimates for Germany
Fitzenberger, Bernd; Franz, Wolfgang; Bode, Oliver - 2007
This paper provides new estimates of a time?varying NAIRU for Germany taking account of the structural break caused by … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … inflation target put forward by the European Central Bank. The estimates presented in this paper suggest that the NAIRU …
Persistent link: https://www.econbiz.de/10010297970
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Will the (German) NAIRU Please Stand up?
Franz, Wolfgang - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003
" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical …, cointegration issues, and a time variability of the NAIRU and its confidence intervals. Despite many serious caveats a new attempt … is made to estimate a NAIRU for Germany based on conventional Phillips curves as well as on new approaches such as using …
Persistent link: https://www.econbiz.de/10005097479
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The Phillips Curve and NAIRU Revisited: New Estimates for Germany
Fitzenberger, Bernd; Franz, Wolfgang; Bode, Oliver - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007
This paper provides new estimates of a time?varying NAIRU for Germany taking account of the structural break caused by … inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … inflation target put forward by the European Central Bank. The estimates presented in this paper suggest that the NAIRU …
Persistent link: https://www.econbiz.de/10005098258
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The Phillips Curve: (In)stability, the role of credit, and implications for potential output measurement
Schleer, Frauke; Kappler, Marcus - 2014
The path of output prior to the financial and economic crisis turned out to be not sustainable and lower than previously estimated in some European crisis countries. Specifically, the output gaps have been underestimated (and inversely potential output overestimated) before the recent crisis. It...
Persistent link: https://www.econbiz.de/10010420397
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The Phillips Curve: (In)stability, the role of credit, and implications for potential output measurement
Schleer, Frauke; Kappler, Marcus - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2014
The path of output prior to the financial and economic crisis turned out to be not sustainable and lower than previously estimated in some European crisis countries. Specifically, the output gaps have been underestimated (and inversely potential output overestimated) before the recent crisis. It...
Persistent link: https://www.econbiz.de/10010957684
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Life-cycle incidence of family policy measures in Germany: Evidence from a dynamic microsimulation model
Bonin, Holger; Reuss, Karsten; Stichnoth, Holger - 2015
This paper quantifies the life-cycle incidence of key family policy measures in Germany. The analysis is based on a novel dynamic microsimulation model that combines simulated family life-cycles for a base population from the 2009 wave of the German Socio-Economic Panel (SOEP) with a...
Persistent link: https://www.econbiz.de/10010527631
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How effective is carbon pricing? A machine learning approach to policy evaluation
Abrell, Jan; Kosch, Mirjam; Rausch, Sebastian - 2021
While carbon taxes are generally seen as a rational policy response to climate change, knowledge about their performance from an expost perspective is still limited. This paper analyzes the emissions and cost impacts of the UK CPS, a carbon tax levied on all fossil-fired power plants. To...
Persistent link: https://www.econbiz.de/10012509957
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Three Approaches to the Evaluation of Active Labour Market Policy in East Germany Using Regional Data
Hagen, Tobias - 2003
Using different regional data sources for East Germany the three largest active labour market policy (ALMP) programmes – job creation schemes (JCS), structural adjustment schemes (SAS) and public training (PT) – are evaluated. After addressing the regional allocation rule of the funding of...
Persistent link: https://www.econbiz.de/10010297275
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A Test of the 'Krugman Hypothesis' for the United States, Britain, and Western Germany
Puhani, Patrick A. - 2003
Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the...
Persistent link: https://www.econbiz.de/10010297281