. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different …In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …

. With regard to the West German unemployment, the effects of volatility are empirically analyzed using three different …In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …

We investigate if unemployment fluctuations generate predictability in the cross-section of currency excess returns. To … assess the predictability exerted by unemployment fluctuations, we sort currencies according to past growth in the … unemployment rate. We find that an investment strategy which shorts currencies that experienced high growth in the unemployment …

This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …

of fiscal shocks and unemployment-output trade-offs are studied in this paper using state-of-the-art TVP-VAR modelling …

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This … paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of …

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This … paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of …

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of …