Arbeitspapier

The Phillips Curve and NAIRU Revisited: New Estimates for Germany

Starting in 2006 the German economy currently experiences a cyclical revival which spreads to the labor market. Unemployment decreases markedly and regular employment rises. At present, virtually all professional forecasts expect this upswing to continue in the foreseeable future. Against this background a debate has taken center stage as to what extent unemployment figures consist of merely cyclical components or, in other words, which part of joblessness can be labeled as \structural". \Structural" unemployment, however, is a loaded word since there is no clear cut consensus about its meaning, let alone its measurement. Hence, the question arises whether the \non-{accelerating inflation rate of unemployment"(NAIRU) may serve as a tool to determine the development and current level of non-{cyclical unemployment and to frame policy discussions.

Sprache
Englisch

Erschienen in
Series: Kiel Working Paper ; No. 1344

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Fitzenberger, Bernd
Franz, Wolfgang
Bode, Oliver
Ereignis
Veröffentlichung
(wer)
Kiel Institute for the World Economy (IfW)
(wo)
Kiel
(wann)
2007

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Fitzenberger, Bernd
  • Franz, Wolfgang
  • Bode, Oliver
  • Kiel Institute for the World Economy (IfW)

Entstanden

  • 2007

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