Search results
8 wrz 2006 · This article contributes to the debate on the causes of unemployment in interwar Germany. It applies the Layard-Nickell model of the labor market to interwar data. The results indicate that demand shocks, combined with nominal inertia in the labor market, were important in explaining unemployment.
There has been a continuing debate among economic historians over the causes of German unemployment. Some writers have placed heavy emphasis on demand factors in generating the boom of the late 1920s and the depression of the early 1930s, as well as economic recovery under the Nazis. Contrary to this view, Borchardt has argued that supply-side fac-
Economic recovery. Germany’s post World War One experience was turbulent, but by 1925 Weimar had achieved temporary stability. However, weaknesses in its constitution meant it was always ...
At first Germany tried to recover from the war by way of social spending. Germany began creating transportation projects, modernization of power plants and gas works. These were all used to battle the increasing unemployment rate. Social spending was rising at an unbelievable rate.
1 paź 1987 · The restoration of confidence in German finances should have raised unemployment there and lowered it abroad; the German unemployment rate did rise from 2% in March and April to 6% in July 1920 (see Fig. 3).
Between the summer of 1929 and early 1932, German unemployment rose from just under 1.3 million to over 6 million, corresponding to a rise in the unemployment rate from 4.5 percent of the labor force to 24 percent.
1 sty 2004 · This paper contributes to the debate on the causes of unemployment in interwar Germany. It applies the Layard-Nickell model of the labour market to interwar Germany, using a new quarterly data...
