Working Paper

The Phillips Curve and NAIRU Revisited: New Estimates for Germany


  • Bernd Fitzenberger
  • Wolfgang Franz
  • Oliver Bde
Publication Date

Starting in 2006 the German economy currently experiences a cyclical revival which spreads to the labor market. Unemployment decreases markedly and regular employment rises. At present, virtually all professional forecasts expect this upswing to continue in the foreseeable future.