model is used to assess this development. In particular, estimation results for investment and employment adjustment after …

unification. Our paper presents results from the estimation of a macroeconometric disequilibrium model formerly developed for West …

modelling approach and estimation results for the trade submodels are presented in some detail and simmulation results for the …

Phillips curve, the sum of coefficients associated with expected inflation is far beyond unity, whatever 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 following roughly the …

potential output overestimated) before the recent crisis. It is fair to say that the employed estimation techniques failed to … insignificant relation between inflation and the output gap or unemployment gap, which questions the adequacy of the Phillips curve … into account in conventional methods for the estimation of potential output and the output gap. Since both, potential …

applying an instrumental variable estimation approach. -- Unemployment ; institutions ; labor and product markets ; model …

-assisted personal interviewing. We show that Bayesian estimation of a multinomial probit model with a full covariance matrix is feasible …