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Detecting unemployment hysteresis : a simultaneous unobserved components model with Markov switching
Klinger, Sabine; Weber, Enzo - 2015
in German unemployment is fully explained by hysteresis. The Great Recession was well absorbed because both hysteresis … effects and structural unemployment were substantially reduced after institutional reforms. In contrast, U.S. unemployment did …
Persistent link: https://www.econbiz.de/10011372431
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On GDP-employment decoupling in Germany
Klinger, Sabine; Weber, Enzo - 2014
This paper investigates the time-varying relationship between German output and employment growth, in particular their decoupling in recent years. We estimate a correlated unobserved components model that allows for both persistent and cyclical time variation in the employment impact of GDP as...
Persistent link: https://www.econbiz.de/10010401756
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Decomposing Beveridge curve dynamics by correlated unobserved components : the impact of labour market reforms in Germany ; conference paper
Klinger, Sabine; Weber, Enzo - 2014
macroeconomic outcome of the reforms. For that purpose, we construct a new empirical model that links equilibrium unemployment … and separation rate as well as unemployment and vacancies. Cointegration and identification are addressed. We find that …
Persistent link: https://www.econbiz.de/10010487258
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A new look at the discouragement and the added worker hypotheses : applying a trend-cycle decomposition to unemployment
Fuchs, Johann; Weber, Enzo - In: Applied economics letters 20 (2013) 13/15, pp. 1374-1378
Persistent link: https://www.econbiz.de/10010203407