Working Paper

The Phillips Curve and NAIRU Revisited: New Estimates for Germany


  • Fitzenberger
  • B.
  • Franz
  • W.
  • Bde
  • O.
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.