This paper analyses the inflation rate in Germany by means of a common trends model. Starting from an IS-LM model of the open economy, we conduct a cointegration analysis from which we obtain plausible long-run relationships. In the next step, we identify structural shocks with permanent and...

"Im vorliegenden Beitrag wird versucht, den Einfluß der Löhne auf die Beschäftigung mit Hilfe ökonometrischer Methoden zu prüfen. Es werden zunächst verschiedene Erklärungsmodelle aus der neoklassischen Theorie unter der Annahme einer Cobb-Douglasoder CES-Produktionsfunktion abgeleitet...

In this paper we analyze the West German labour market by means of a cointegrated structural VAR model. We find sensible stable long-run relationships that are interpreted as a labour demand, a wage setting and a goods market equilibrium. In order to study the dynamic behaviour of the model we...

Nonlinear dynamics in the term structure of German interest rates resulting from heterogenous transaction costs in the money market are analyzed by means of the smooth transition technique introduced by Granger and Terasvirta (1993). Tests for linearity, specific functional forms and outliers...

This paper analyses the relation between money and inflation in Germany in a cost-push/demand-pull model of an open small economy by means of cointegration methods. The full-information-maximum-likelihood method of Johansen as well as structural methods are applied to data subsets and the full...

In this paper we analyze the West German labour market by means of a cointegrated structural VAR model. We find sensible stable long-run relationships that are interpreted as a labour demand, a wage setting and a goods market equilibrium. In order to study the dynamic behaviour of the model we...