Dimsdale, Nicholas; Horsewood, N.H. - Department of Economics, Oxford University - 2004
effects of the tariff wage under the Weimar Republic and the Nazis. The estimated equations suggest that demand shocks …, combined with nominal inertia in the labour market, were important in explaining unemployment. In addition real wage pressures … due to the political processes of wage determination were a major influence on unemployment. Negative demand shocks appear …