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unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting … after the German reunification, cointegration is found between both variables suggesting a slightly positive relationship. … für Deutschland per Zustandsraummodell geschätzt. In einem zweiten Schritt werden Daten des Sozio-oekonomischen Panels …
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impact of the relationship between the extensiveness of the low-pay sector and structural unemployment. Data from Germany …
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The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or … is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of … the explanatory variables. Building on a cointeg ration model of the employment rate in West Germany, I find only weak …
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Models recently studied by Farmer (2012, 2013, 2015) predict that, due to labor-market frictions and "animal spirits", stock-market fluctuations should Granger cause fluctuations of the unemployment rate. We performed several Granger-causality tests on more than half a century of data of German...
Persistent link: https://www.econbiz.de/10011415821
rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate co-integration … hypothesis necessarily holds in a European country like Germany where hysteretic effects may invalidate it. Inspired by the …
Persistent link: https://www.econbiz.de/10010426365
parameter restrictions. A cointegration analysis for the unified Germany reveals a long rum relationship between real wages …. We compare these results to results from a standard SVECM and find that, using the Subset VECM reduces estimation … uncertainty. In contrast to previous studies for West Germany, we find that, unemployment is equally determined by technology …
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