Marczak, Martyna; Gómez, Víctor - 2012
Germany. We apply two methods for the estimation of the cyclical components from the data: the approach based on the … cyclical patterns over time. From the findings of our study, we can infer that the USA and Germany differ with respect to the … producer real wage, the lead-lag pattern changes over time. We also find that real wages in the USA as well in Germany are …