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significantly smaller than the rise in the probability of an upward wage response associated with an increase in demand. Estimation …
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Persistent link: https://www.econbiz.de/10001620836
The concept of the "employment threshold" plays an important role in the public of unemployment. The employment … unemployment. Many contributions to this debate give the impression that the employment theshold is more or less a structural …
Persistent link: https://www.econbiz.de/10001474052
The concept of the employment threshold plays an important role in the public discussion of unemployment. The …
Persistent link: https://www.econbiz.de/10009781535
The concept of the "employment thresholdin the public discussion of unemployment. The employment threshold is defined … productivity. It is related to the Okun coefficient which describes the relationship between the changes of output and unemployment …
Persistent link: https://www.econbiz.de/10013321076
theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the … round of monetary expansion in the EMU. -- monetary union ; German unification ; asymmetric shock ; current account …
Persistent link: https://www.econbiz.de/10008798227
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This paper contributes to the discussion on the European current account imbalances by analysing the intra-European trends since 1990 based on the theory of optimum currency areas. The authors show that German unification was the origin of not only the 1992-93 EMS crisis but also rising...
Persistent link: https://www.econbiz.de/10009760197
theory of optimum currency areas. We show that the asymmetric shock of the German unification can be seen not only as the …
Persistent link: https://www.econbiz.de/10013094029