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PATTERNS OF UNEMPLOYMENT DYNAMICS IN GERMANY
| Content Provider | Scilit |
|---|---|
| Author | Rahn, Daniela Weber, Enzo |
| Copyright Year | 2017 |
| Description | Using a structural vector autoregressive (SVAR) model, this paper provides deeper insight into unemployment dynamics in Germany. We identify a technology shock and two policy shocks that play a central role in business cycle research. Accordingly, we enrich the discussion on the sources of unemployment dynamics by considering demand-side impulses. The worker reallocation process varies substantially with the identified shocks. The job-finding rate plays a larger role after a technology shock and a monetary policy shock, whereas the separation rate appears to be the dominant margin after a fiscal policy shock. Technology shocks turn out to be relatively important for variations in the transition rates. Regarding policy shocks, our results point toward fiscal interventions as a promising instrument but with several limitations. |
| Related Links | http://doku.iab.de/discussionpapers/2013/dp0213.pdf https://www.cambridge.org/core/services/aop-cambridge-core/content/view/9B874295E319F4C9520EF25BD9C60FF7/S1365100516001358a.pdf/div-class-title-patterns-of-unemployment-dynamics-in-germany-div.pdf |
| Ending Page | 357 |
| Page Count | 36 |
| Starting Page | 322 |
| ISSN | 13651005 |
| e-ISSN | 14698056 |
| DOI | 10.1017/s1365100516001358 |
| Journal | Macroeconomic Dynamics |
| Issue Number | 1 |
| Volume Number | 23 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2019-01-01 |
| Access Restriction | Open |
| Subject Keyword | Macroeconomic Dynamics Mathematical Social Sciences Unemployment Dynamics Transition Rates Policy Shocks |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics and Econometrics |
