Logeay, Camille; Tober, Silke - 2005 - This version: July 2005
This paper analyses the Nairu in the Euro Area and the influence that hysteresis had on its development. Using the … actual unemployment and long-term unemployment is estimated and found to be significant for the Euro Area and Germany … Hysterese impliziert die Möglichkeit einer langfristig nicht-superneutralen Geldpolitik. …