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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/18047| Title: | Structural unemployment and the output gap in Germany : evidence from an SVAR analysis within a hysteresis framework |
| Keywords: | C32 J64 E32 E12 ddc:330 Structural unemployment output gap structural VAR insider-outsider model Strukturelle Arbeitslosigkeit Konjunktur Kapazitätsauslastung Arbeitsmarkt Insider-Outsider-Modell VAR-Modell Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin |
| Description: | The German unemployment rate shows strong signs if non-stationarity over the course of the previous decades. This is in line with an insider-outsider model under full hysteresis. We applied a "theory-guided view" to the data using the structural VAR model as developed by Balmaseda, Dolado and López-Salido (2000) allowing for full hysteresis on the labour market. Our identification of the model implies long-lasting output gaps for Germany – especially for the disinflation period of the 1980s. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/18047 |
| Other Identifiers: | http://hdl.handle.net/10419/18047 ppn:367726491 |
| Appears in Collections: | EconStor |
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