Kiel Working Papers, Kiel Institute for World Economics
No 1344:
The Phillips Curve and NAIRU Revisited: New Estimates for Germany
Bernd Fitzenberger, Wolfgang Franz and Oliver Bode
Abstract: Starting in 2006 the German economy currently experiences
a cyclical revival which spreads to the labor market. Unemployment
decreases markedly and regular employ- ment rises. At present, virtually
all professional forecasts expect this upswing to con- tinue in the
foreseeable future.
53 pages, June 2007
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