This paper contributes to the debate on the causes of unemployment in interwar Germany. It applies the Layard …-Nickell model of the labour market to interwar Germany, using a new quarterly data set. The basic model is extended to capture the …, combined with nominal inertia in the labour market, were important in explaining unemployment. In addition real wage pressures …

We study the behavior of output, employment, consumption, and investment in Germany during the Great Depression of 1928 … to a small number of factors, the model accounts surprisingly well for the Depression in Germany. (Copyright: Elsevier) …

. This paper aims at filling this gap for Germany by analyzing the cyclical behavior of real wages of newly hired workers … find that an increase in the unemployment rate of one percentage point decreases the real wages of job entries within given … rigidity in the Mortensen-Pissarides model in order to amplify realistic volatility of unemployment is not supported by the …

"bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to … establish that such asymmetries are very salient in Germany. We find that the semi elasticity of real wages with respect to … unemployment is very close to zero when unemployment is above its long term average but large and highly significant when below. We …

Great Depression in Germany from 1927 to 1932. We identify loan supply shocks in the context of a time varying parameter …

Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation … Germany across two different methods: we conduct a narrative study of media sources and estimate inflation expectations from a …

Depression in the United States. Germany experienced a recovery as fast and strong in the 1930s. What role did inflation … Germany across two different methods: we conduct a narrative study of media sources and estimate inflation expectations from a …

Great Depression in Germany from 1927 to 1932. We identify loan supply shocks in the context of a time varying parameter …