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Title:Structural unemployment and the output gap in Germany : evidence from an SVAR analysis within a hysteresis framework PDF Logo
Authors:Fritsche, Ulrich
Logeay, Camille
Issue Date:2002
Series/Report no.:DIW-Diskussionspapiere 312
Abstract:The German unemployment rate shows strong signs if non-stationarity over the course of the previous decades. This is in line with an insider-outsider model under full hysteresis. We applied a "theory-guided view" to the data using the structural VAR model as developed by Balmaseda, Dolado and López-Salido (2000) allowing for full hysteresis on the labour market. Our identification of the model implies long-lasting output gaps for Germany – especially for the disinflation period of the 1980s.
Subjects:Structural unemployment
output gap
structural VAR
insider-outsider model
JEL:C32
J64
E32
E12
Document Type:Working Paper
Appears in Collections:DIW-Diskussionspapiere
Publikationen von Forscherinnen und Forschern des DIW

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