Journalartikel

Jahr der Veröffentlichung: 2001

Seiten: 181-204

Zeitschrift: Applied Stochastic Models in Business and Industry

Bandnummer: 17

Heftnummer: 2

ISSN: 1524-1904

eISSN: 1526-4025

DOI Link: https://doi.org/10.1002/asmb.436

Verlag: Wiley

Abstract: 

The paper deals with the impacts of exchange rate uncertainty on the relationship between macroeconomic labour market variables. Under uncertainty, areas of weak reactions-so-called 'play' areas-have to be considered at the macrolevel. The width of the play area is a positive function of the degree of uncertainty. When changes go beyond the play-area suddenly strong reactions ('spurts') occur. These non-linear dynamics are captured in a simplified linearized way. An algorithm describing linear play hysteresis is developed and implemented into a regression framework. As an empirical application, the exchange rate impacts on German employment are analysed considering play effects. Copyright (C) 2001 John Wiley & Sons, Ltd.

Harvard-Zitierstil: Belke, A. and Göcke, M. (2001) Exchange rate uncertainty and employment: an algorithm describing 'play', Applied Stochastic Models in Business and Industry, 17(2), pp. 181-204. https://doi.org/10.1002/asmb.436

APA-Zitierstil: Belke, A., & Göcke, M. (2001). Exchange rate uncertainty and employment: an algorithm describing 'play'. Applied Stochastic Models in Business and Industry. 17(2), 181-204. https://doi.org/10.1002/asmb.436