Die Arbeit versucht einen Beitrag zur Erklärung der Ursachen, der Verfestigung und der wirtschaftspolitischen Bekämpfung der langandauernden Arbeitslosigkeit in Deuschland zu leisten, indem es die Wechselwirkung zwischen ökonomischer und politischer Ebene in den Vordergrund stellt, was dem...

We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...

We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...

Using a newly constructed macroeconometric model for Germany and the rest of the Euro area, we investigate the macroeconomic effects of structural labor market reforms in Germany. We find that neither the fact that Germany can no longer pursue an independent monetary policy nor the possibility...