that the shocks associated with the free movement of workers from Eastern Europe have temporarily increased unemployment in …

job seekers to be matched, raising employment and unemployment simultaneously. In the medium run vacancies increase, the … employment surge accelerates and unemployment declines. Labor supply shocks caused by foreigners have an unambiguous and positive …

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