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Title:Real Wages and the Business Cycle in Germany PDF Logo
Authors:Beissinger, Thomas
Marczak, Martyna
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Aspects of the German Economy B12-V2
Abstract:This paper analyzes the cyclicality of real consumer wages and real producer wages in Germany. In order to scrutinize whether the empirical results are robust to the detrending method, we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time series model to both real wage series and GDP. The detrended data are analyzed, both in the time domain and in the frequency domain. The great advantage of an analysis in the frequency domain is that it allows to assess the relative importance of particular frequencies for the behavior of real wages.
Subjects:Real wages
business cycle
frequency domain
time domain, trend-cycle estimation
structural time series model
Germany
JEL:E32
C32
J30
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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