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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
from employment into unemployment in April 2020 were due to the containment measures. In a second approach, we make use of … the unemployment effect coming from the separations margin. In sum, the lockdown measures increased unemployment in the …
Persistent link: https://www.econbiz.de/10012222508
forecasting German unemployment in the short run. Every month, the CEOs of the FEA’s regional agencies are asked about their … expectations of future labor market developments. We generate an aggregate unemployment leading indicator that exploits serial …
Persistent link: https://www.econbiz.de/10010198066
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/10011419535
unemployment that are noticeable but still relatively limited. The effect on short-time work, on the other hand, is revealed to be …
Persistent link: https://www.econbiz.de/10013333549
unemployment that are noticeable but still relatively limited. The effect on short-time work, on the other hand, is revealed to be …
Persistent link: https://www.econbiz.de/10013191894
The present work deals with a frequently detected failure of the uncovered interest rate parity (UIP) - the absence of bivariate cointegration between domestic and foreign interest rates. We explain non-stationarity of the interest differential via central bank reactions to exchange rate...
Persistent link: https://www.econbiz.de/10008764303
The present work deals with a frequently detected failure of the uncovered interest rate parity (UIP) - the absence of bivariate cointegration between domestic and foreign interest rates. We explain non-stationarity of the interest differential via central bank reactions to exchange rate...
Persistent link: https://www.econbiz.de/10008854244
This paper investigates the capital market relations between Euroland and the USA from 1990 until 2006. Formally based on the uncovered interest rate parity (UIP), backward recursive estimations establish a long-run equilibrium between European and US government bond yields. Since the mid-1990s...
Persistent link: https://www.econbiz.de/10010263680
The present work deals with a frequently detected failure of the uncovered interest rate parity (UIP) - the absence of bivariate cointegration between domestic and foreign interest rates. We explain non-stationarity of the interest differential via central bank reactions to exchange rate...
Persistent link: https://www.econbiz.de/10010281908