rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate co-integration …New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is … data a strong negative correlation between the trend components of inflation and unemployment. We show that this finding …

rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate co-integration …New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is … Germany data a strong negative correlation between the trend components of inflation and unemployment. We show that this …

rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate co-integration …New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is … data a strong negative correlation between the trend components of inflation and unemployment. We show that this finding …

rate, unemployment and inflation in West Germany from the early 1960s up to 2004 using a multivariate cointegration …New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is … data a strong negative correlation between the trend components of inflation and unemployment. We show that this finding …

What explains the persistence of unemployment? The literature on hysteresis, which is based on unit root testing in … autoregressive models, consists of a vast number of univariate studies, i.e. that analyze unemployment series in isolation, but few … multivariate analyses that focus on the sources of hysteresis. As a result, this question remains largely unanswered. This paper …

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …

is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of …The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or … "hysteresis" effect - is quite popular among economists. However, because of an identification problem, much of the empirical …

A linear and lagged relationship between inflation, unemployment and labor force change rate, ?(t)=A0UE(t-t0)+A1dLF … and 2004. The relationship is tested for cointegration. All three variables involved in the relationship are proved to be … integrated of order one. Two methods of cointegration testing are used. First is the Engle-Granger approach based on the unit …