Showing 1 - 10 of 625
This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run relationships, interpreted as a labor demand and a wage...
Persistent link: https://www.econbiz.de/10011446670
news shocks. Thereby, the correlation coefficient between news shocks of a short-run identification scheme and technology … shocks of a long-run identification scheme in the VAR framework measures the extent to which news incorporated into forward …
Persistent link: https://www.econbiz.de/10010225546
investigate (i) the extent to thich two prominent structural VAR approaches can be usefull in recuperating news shock dynamics … from artificially generated data in general and (ii) why and to what extent these SVAR approaches differ in the results the …
Persistent link: https://www.econbiz.de/10010225547
The paper attempts to provide an appropriate model specification for identifying technology and other macroeconomic shocks in a structural VAR framework. The investigation is conducted based on two seminal structural VAR studies by Gali (1999) and King et al. (1991). The models of these studies...
Persistent link: https://www.econbiz.de/10003634805
The study analyses the business cycles of the G7 countries in a structural vector autoregression(SVAR) framework … country are identified, and the corresponding shock propagation channels are computed. We establish the statistical properties … of the cyclical fluctuations and investigate the role of each structural common and country-specific shock in the …
Persistent link: https://www.econbiz.de/10003824053
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
This paper investigates whether and in what sense the west German wage structure has been "rigid" in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
Persistent link: https://www.econbiz.de/10011446629
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/10011448440
A growing body of programme evaluation literature recognises immigrants as a disadvantaged group on European labour markets and investigates the employment effects of Active Labour Market Pro-grammes (ALMPs) on this subgroup. Using a meta-analysis, we condense 93 estimates from 33 empir-ical...
Persistent link: https://www.econbiz.de/10009784011
Economic literature acknowledges the impact of immigration on cross-border patenting and scientific publications …. However, the role of immigration ows in the dissemination of knowledge in a broader sense is yet to be assessed. In this paper …, I estimate the effect of immigration on the facilitation of online knowledge reagrding destination countries in the …
Persistent link: https://www.econbiz.de/10011792336