This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …

This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …

retaining the exponential affine structure of previous approaches, our model allows for an arbitrary number of cointegration … relationships. We show that the cointegration component allows capturing well-known features of commodity prices, i.e., upward … provide compelling evidence of cointegration in the data. Implications for the prices of futures and options written on common …

This paper studies inequalities in labour market outcomes, incomes and economic concerns across workers in Germany … pillars of Germany's policy response to the crisis, prevented a further widening of labour market inequalities. In spite of …

background of the large-scale influx of refugees into Germany between 2015 and 2016, this paper uses data from a unique and …

period to alter either the level or the volatility of the $/DM spot rate is examined. Volatility quotes implicit in foreign …