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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/17751| Title: | Keynesian and monetarist views on the German unemployment problem : theory and evidence |
| Keywords: | C32 E24 B22 ddc:330 Unemployment Phillips Curve Structural Vector Autoregressions Theorie der Arbeitslosigkeit Natürliche Arbeitslosigkeit Phillips-Kurve Keynesianismus Monetarismus Theorie Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | Kiel Institute for the World Economy (IfW) Kiel |
| 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/17751 |
| Other Identifiers: | http://hdl.handle.net/10419/17751 ppn:343811146 |
| Appears in Collections: | EconStor |
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