@techreport{Gottschalk2002Keynesian,
abstract = {Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the unemployment problem. This paper aims to re\-view the contribution of Keynesian and monetarist theories to this controversy and explores empirically their implications for the explanation of high un\-em\-ploy\-ment in Germany using a structural vector regression approach. In addition, this paper discusses the so-called wage gap which plays an important role in the debate whether the German unemployment problem is a real wage problem. Even though this paper cannot hope to settle the unemployment controversy, it nevertheless shows why a consensus has remained elusive.},
address = {Kiel},
author = {Jan Gottschalk},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C32; E24; B22; 330; Unemployment; Phillips Curve; Structural Vector Autoregressions; Theorie der Arbeitslosigkeit; Nat\"{u}rliche Arbeitslosigkeit; Phillips-Kurve; Keynesianismus; Monetarismus; Theorie; Deutschland},
language = {eng},
number = {1096},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Keynesian and monetarist views on the German unemployment problem : theory and evidence},
type = {Kieler Arbeitspapiere},
url = {http://hdl.handle.net/10419/17751},
year = {2002}
}
