Arbeitspapier
Employment and unemployment in Germany: Some results from a macroeconomic disequilibrium model
In the paper, some empirical results from a macroeconometric disequilibrium model for the Federal Republic of Germany are reported. In the theoretical model, a delayed adjustment of employment and investment is analyzed. Market disequilibrium is introduced by allowing for a sluggish adjustment of wages and prices. The estimation results reveal the importance of the slow adjustment of prices and quantities for the employment Situation in Germany. The slow adjustment of employment and the capital stock contributed to the persistence of unemployment in the second half of the eighties.
- Language
-
Englisch
- Bibliographic citation
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Series: Diskussionsbeiträge - Serie II ; No. 247
- Classification
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Business Fluctuations; Cycles
- Subject
-
(un)-employment
macroeconometric disequilibrium model
- Event
-
Geistige Schöpfung
- (who)
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Smolny, Werner
- Event
-
Veröffentlichung
- (who)
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Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
- (where)
-
Konstanz
- (when)
-
1995
- Handle
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Smolny, Werner
- Universität Konstanz, Sonderforschungsbereich 178 - Internationalisierung der Wirtschaft
Time of origin
- 1995
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