New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is … rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate co … data a strong negative correlation between the trend components of inflation and unemployment. We show that this finding …

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

The book offers an explanation of unemployment based on a model of wage bargaining between a trade union and an … natural rate of unemployment is independent of productivity growth. Taxes on labour and capital are identified as important … German data confirms the theoretical predictions. Keywords: Unemployment ; Hysteresis ; Trade Unions ; Cointegration Contents …

This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the … government is low unemployment in Germany. And the primary target of the French government is low unemployment in France. The … inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal …