caa a22 4500 467896410 CHVBK 20180406152805.0 cr unu---uuuuu 170328e20060601xx s 000 0 eng 10.1007/s00181-005-0021-x doi (NATIONALLICENCE)springer-10.1007/s00181-005-0021-x Brüggemann Ralf Department of Economics, Humboldt-Universität zu Berlin, Spandauer Str. 1, 10178, Berlin, Germany aut Sources of German unemployment: a structural vector error correction analysis [Elektronische Daten] [Ralf Brüggemann] In this paper we analyze the sources of German unemployment within a structural vector error correction model (SVECM) framework. For this purpose we estimate a VECM model using data for unified Germany. The cointegration analysis reveals a long-run relationship between real wages, productivity and unemployment which is interpreted as a wage setting relation. Based on a reduced form subset VECM we identify structural shocks and assess their importance for unemployment by impulse response analysis, forecast error variance and historical decompositions. In contrast to previous studies for West Germany, we find that productivity, labor supply and labor demand shocks are important sources of unemployment in the long-run. Springer-Verlag, 2005 Unemployment nationallicence Cointegration nationallicence Structural VECM nationallicence Subset SVECM nationallicence Empirical Economics Physica-Verlag 31/2(2006-06-01), 409-431 0377-7332 31:2<409 2006 31 181 https://doi.org/10.1007/s00181-005-0021-x text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s00181-005-0021-x text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Brüggemann Ralf Department of Economics, Humboldt-Universität zu Berlin, Spandauer Str. 1, 10178, Berlin, Germany aut NATIONALLICENCE 773 0- Empirical Economics Physica-Verlag 31/2(2006-06-01), 409-431 0377-7332 31:2<409 2006 31 181 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer