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| Title: | | Sources of German unemployment: evidence from a structural VAR model  |
| Authors: | | Linzert, Tobias |
| Issue Date: | | 2001 |
| Series/Report no.: | | ZEW Discussion Papers 01-41 |
| Abstract: | | This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run relationships, interpreted as a labor demand and a wage setting scheme. Secondly, a structural VAR model is identified using the restrictions suggested by a single macroeconomic model. The impulse response analysis and the forecast error variance decomposition display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly, however, wage and technology shocks do not seem to play a dominant role. |
| Subjects: | | Unemployment Structural VAR Cointegration |
| JEL: | | E24 J60 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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