Fitzenberger, Bernd; Franz, Wolfgang; Bode, Oliver - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007
inflation rates is employed. Therefore, either the NAIRU concept is not applicable to Germany or, as it is our suggestion, one … compatible with 2 percent inflation in Germany is currently around 7 percent if the definition of unemployment follows the …This paper provides new estimates of a time?varying NAIRU for Germany taking account of the structural break caused by …