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https://hdl.handle.net/10419/20876
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Buscher, Herbert S. | en |
dc.contributor.author | Mueller, Claudia | en |
dc.date.accessioned | 2009-01-28T16:17:30Z | - |
dc.date.available | 2009-01-28T16:17:30Z | - |
dc.date.issued | 1999 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20876 | - |
dc.description.abstract | In this paper, a survey on theoretically expected and empirically proved impacts of exchangerate volatility is given. With regard to the West German unemployment, the effects ofvolatility are empirically analysed using three different volatility measures and four countrygroups. In autoregressive models, a significant disturbing impact of volatility can be foundwith annual data as well as with monthly data for the whole period. While this impact doesnot differ for the three volatility measures, it is, however, less strong when using the monthlydata. Differentiating for different subperiods by use of the monthly data, the reported impactis stronger for relatively stable periods and country groups. When isolating the cyclicalcomponent of the unemployment rate, it can be demonstrated that the whole reportedimpact solely affects this component. In a dynamic Okun-type relation, an additionalsignificant impact of volatility, however, cannot be proved for all subperiods. | en |
dc.language.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x37 | en |
dc.subject.jel | F31 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | F16 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | European Monetary Union | en |
dc.subject.keyword | exchange rate volatility | en |
dc.subject.keyword | Okun?s law | en |
dc.subject.keyword | West German labour market | en |
dc.subject.stw | Wechselkurs | en |
dc.subject.stw | Volatilität | en |
dc.subject.stw | Beschäftigungseffekt | en |
dc.subject.stw | Arbeitslosigkeit | en |
dc.subject.stw | Okuns? Law | en |
dc.subject.stw | Konjunktur | en |
dc.subject.stw | Europäische Wirtschafts- und Währungsunion | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.title | Exchange Rate Volatility Effects on the German Labour Market: A Survey of Recent Results and Extensions | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 830175555 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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