Showing 1 - 10 of 574
This paper provides new estimates of a timevarying NAIRU for Germany taking account of the structural break caused by German unification based on the Kalman Filter and on a partially linear model as two alternatives. Estimating a standard Phillips curve, the sum of coefficients associated with...
Persistent link: https://www.econbiz.de/10003607638
potential output overestimated) before the recent crisis. It is fair to say that the employed estimation techniques failed to … into account in conventional methods for the estimation of potential output and the output gap. Since both, potential …
Persistent link: https://www.econbiz.de/10010416360
state ; immigration ; ethnic diversity ; Germany ; cluster-robust standard errors ; two-way clustering …
Persistent link: https://www.econbiz.de/10003923101
markets on the basis of nonparametric regression. We show how this approach can be used to make suggestions for immigration … recommended for immigration. …
Persistent link: https://www.econbiz.de/10011447106
accession affects income gaps. Moreover, if EU membership is refused, fear of future restrictions on immigration will lead to … increases in migration flows from Spain, Portugal and Greece were observed. We conclude that granting EU accession to Eastern …
Persistent link: https://www.econbiz.de/10011443914
, our estimation also takes into account the “treatment effects on the untreated”. This estimation enables us to assess …, sowie Daten des „Panel de Innovación Tecnológica (PITEC)“ aus Spanien. Insgesamt umfasst die Stichprobe 9790 Beobachtungen …
Persistent link: https://www.econbiz.de/10008665042
Reputation indexes of employment protection have proven popular constructs in studies of the covariation of labor market institutions and macroeconomic outcomes. Portugal occupies an unenviable rank order in such measures of the stringency of employment protection. We critique this reputation in...
Persistent link: https://www.econbiz.de/10011442864
Persistent link: https://www.econbiz.de/10001701674
This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment" (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy-to-use analytical instrument, suitable for economic policy: the...
Persistent link: https://www.econbiz.de/10011448601
The economic meltdown since 2008-9 has created disinflation, and even deflation in some countries in the Euro-area, in a period with large debt overhang, creating the condition for a continuing financial market stress in the Euro-area. As disinflation and deflation push up the real interest...
Persistent link: https://www.econbiz.de/10011452796