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https://hdl.handle.net/10419/24463
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Linzert, Tobias | en |
dc.date.accessioned | 2009-02-16T14:56:26Z | - |
dc.date.available | 2009-02-16T14:56:26Z | - |
dc.date.issued | 2001 | - |
dc.identifier.uri | http://hdl.handle.net/10419/24463 | - |
dc.description.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. | en |
dc.language.iso | eng | en |
dc.publisher | |aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim | en |
dc.relation.ispartofseries | |aZEW Discussion Papers |x01-41 | en |
dc.subject.jel | E24 | en |
dc.subject.jel | J60 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Unemployment | en |
dc.subject.keyword | Structural VAR | en |
dc.subject.keyword | Cointegration | en |
dc.subject.stw | Arbeitslosigkeit | en |
dc.subject.stw | Arbeitsmarkt | en |
dc.subject.stw | Ökonometrisches Makromodell | en |
dc.subject.stw | VAR-Modell | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Preis | en |
dc.subject.stw | Gesamtwirtschaftliche Nachfrage | en |
dc.subject.stw | Arbeitsangebot | en |
dc.subject.stw | Schock | en |
dc.subject.stw | Beschäftigungseffekt | en |
dc.subject.stw | Deutschland | en |
dc.title | Sources of German unemployment: evidence from a structural VAR model | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 856208124 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zewdip:5396 | en |
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