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Keynesian and monetarist views on the German unemployment problem : theory and evidence

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dc.creator Gottschalk, Jan
dc.date 2002
dc.date.accessioned 2013-10-16T06:56:35Z
dc.date.available 2013-10-16T06:56:35Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/17751
dc.identifier ppn:343811146
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/17751
dc.description Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector regression approach. In addition, this paper discusses the so-called wage gap which plays an important role in the debate whether the German unemployment problem is a real wage problem. Even though this paper cannot hope to settle the unemployment controversy, it nevertheless shows why a consensus has remained elusive.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1096
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C32
dc.subject E24
dc.subject B22
dc.subject ddc:330
dc.subject Unemployment
dc.subject Phillips Curve
dc.subject Structural Vector Autoregressions
dc.subject Theorie der Arbeitslosigkeit
dc.subject Natürliche Arbeitslosigkeit
dc.subject Phillips-Kurve
dc.subject Keynesianismus
dc.subject Monetarismus
dc.subject Theorie
dc.subject Deutschland
dc.title Keynesian and monetarist views on the German unemployment problem : theory and evidence
dc.type doc-type:workingPaper
dc.coverage 1970-1998


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