Titlebook: A Macroeconomic Model of West German Unemployment; Theory and Evidence Michael Reutter Book 2001 Springer-Verlag Berlin Heidelberg 2001 Arb

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Nina Rudigkeit,Marion Gebhard,Axel Gräser support the underlying theory. With nonstationary data the criterion is stricter, since cointegration requires a very good “fit” of the model in a certain sense. The reason for this additional requirement is the observation that nonstationary time series tend to produce positive correlations even w

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Lecture Notes in Computer Scienceor in the union utility. If the bargain is on the level of the economy, this would clearly not be appropriate. Since in Germany bargaining generally takes place on the industry level, I will concentrate on this case and take the unemployment rate as exogenous to the bargain. However, it will turn ou

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https://doi.org/10.1007/978-3-319-26410-3hould be seen as a contribution to the discussion surrounding the German and even the European unemployment problem. The model presented in this book is not the first explanation of German unemployment that has been suggested, and it will certainly not be the last. It is important because it emphasi

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