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dc.contributor.authorLöschel, Andreasen_US
dc.contributor.authorOberndorfer, Ulrichen_US
dc.date.accessioned2009-08-12T07:26:32Z-
dc.date.available2009-08-12T07:26:32Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/27619-
dc.description.abstractIn this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical literature on the oil-unemployment relationship and relate them to the German case. Secondly, we illustrate this issue within the framework of a vector autoregression (VAR) approach for Germany. For this purpose, we use three different specifications in order to adequately address the uncertainty related to the construction of an adequate oil variable. Using monthly data from 1973 to 2008, we show that oil price increases induce a rise in unemployment in the German labor market. Moreover, for a restricted sample period for post-unification Germany, we oppose claims that the oil to macroeconomy relationship has weakened since the 1980s. However, our results suggest that it has become more important to construct adequate measures of oil price variables.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 08-136en_US
dc.subject.jelE24en_US
dc.subject.jelQ43en_US
dc.subject.ddc330en_US
dc.subject.keywordoil priceen_US
dc.subject.keywordunemploymenten_US
dc.subject.keywordGermanyen_US
dc.titleOil and Unemployment in Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn592499634en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:7526-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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