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Analysis in terms of the two-sector open economy shows that in bringing the market economy to East Germany, West Germany seems to have disregarded important fundamentals. Premature formation of a currency union led to a substantial real appreciation of the East German currency. Premature...
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Arbeitslosigkeit stellt in Deutschland seit Mitte der 70er Jahre ein dauerhaftes wirtschafts- und … gesellschaftspolitisches Problem dar. Von der zunehmenden Arbeitslosigkeit sind gering qualifizierte Personen besonders betroffen. Ziel dieses …
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The book offers an explanation of unemployment based on a model of wage bargaining between a trade union and an … German data confirms the theoretical predictions. Keywords: Unemployment ; Hysteresis ; Trade Unions ; Cointegration Contents … Union; The Bargaining Solution; Bargaining as a Theory of the Long Run; The Econometric Model; Appendix; A Macroeconometric …
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