, 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 … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …

shocks temporarily increase unemployment. Positive labor demand shocks increase employment, depress unemployment, rise real … average wages, and were found to be the main determinant of variability of employment and unemployment in the short-run. In … employment and unemployment. The retrospective simulations of the model show that Baltic states and Poland were significantly …

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

, 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 … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …

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

to workers. In the short run, union membership dynamics are mainly driven by changes in unemployment. In turn, changes in …

unemployment for the five major European economies. The dynamic adjustment and the level relations are found to be different across …, deviations from reference values are found to influence unemployment for all countries, including the UK. Only for Germany and …

, using time series data. ADF unit root test is employed to check for stationarity. ARDL and DOLS approaches to cointegration …

determinant of employment and unemployment variability in the short-run. The retrospective simulations of the model show that the …