Please use this identifier to cite or link to this item:
Full metadata record
|dc.description.abstract||In 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.publisher|||aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheim||-|
|dc.relation.ispartofseries|||aZEW Discussion Papers |x08-136||en_US|
|dc.title||Oil and Unemployment in Germany||en_US|
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.