Unemployment-Inflation Relationship in Germany
The Federal Republic of Germany has been one of the historically remarkable countries socially and economically. In this context, one of the outstanding issues is undoubtedly the correlation between unemployment and inflation, which is at the intersection of economy and social policy. Therefore, in...
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| Format: | Article |
| Language: | English |
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Selcuk University Press
2024-04-01
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| Series: | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/3616267 |
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| author | Abdullah Miraç Bükey Murat Kalkan |
| author_facet | Abdullah Miraç Bükey Murat Kalkan |
| author_sort | Abdullah Miraç Bükey |
| collection | DOAJ |
| description | The Federal Republic of Germany has been one of the historically remarkable countries socially and economically. In this context, one of the outstanding issues is undoubtedly the correlation between unemployment and inflation, which is at the intersection of economy and social policy. Therefore, in the study, the unemployment-inflation trade-off in Germany was examined with the help of macroeconomic data in the context of the Modified/Original Phillips Curve, which explores the unemployment-inflation relationship. The empirical study method is time series analysis, and the monthly data set covers the period from January 1992 to April 2023. According to the study's findings, no causality relationship could be detected between unemployment and inflation variables in Germany in the period, neither in the long run nor in the short run. Therefore, it shows that the German economy does not have to put up with the inflation problem in the fight against unemployment and the unemployment problem in the battle against inflation. In this respect, it would be beneficial to thoroughly examine the German labour market structure and monetary policy strategy in the literature. |
| format | Article |
| id | doaj-art-8f81a5fe942b4b5492e2d424d99f7137 |
| institution | Kabale University |
| issn | 2564-7458 |
| language | English |
| publishDate | 2024-04-01 |
| publisher | Selcuk University Press |
| record_format | Article |
| series | Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi |
| spelling | doaj-art-8f81a5fe942b4b5492e2d424d99f71372025-01-03T00:44:54ZengSelcuk University PressSelçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi2564-74582024-04-0127110611810.29249/selcuksbmyd.1408903154Unemployment-Inflation Relationship in GermanyAbdullah Miraç Bükey0Murat Kalkan1İSTANBUL ÜNİVERSİTESİ, İKTİSAT FAKÜLTESİİSTANBUL ÜNİVERSİTESİThe Federal Republic of Germany has been one of the historically remarkable countries socially and economically. In this context, one of the outstanding issues is undoubtedly the correlation between unemployment and inflation, which is at the intersection of economy and social policy. Therefore, in the study, the unemployment-inflation trade-off in Germany was examined with the help of macroeconomic data in the context of the Modified/Original Phillips Curve, which explores the unemployment-inflation relationship. The empirical study method is time series analysis, and the monthly data set covers the period from January 1992 to April 2023. According to the study's findings, no causality relationship could be detected between unemployment and inflation variables in Germany in the period, neither in the long run nor in the short run. Therefore, it shows that the German economy does not have to put up with the inflation problem in the fight against unemployment and the unemployment problem in the battle against inflation. In this respect, it would be beneficial to thoroughly examine the German labour market structure and monetary policy strategy in the literature.https://dergipark.org.tr/tr/download/article-file/3616267germanyunemploymentinflationphillips curvesocial policyalmanyai̇şsizlikenflasyonphillips eğrisisosyal politika |
| spellingShingle | Abdullah Miraç Bükey Murat Kalkan Unemployment-Inflation Relationship in Germany Selçuk Üniversitesi Sosyal Bilimler Meslek Yüksekokulu Dergisi germany unemployment inflation phillips curve social policy almanya i̇şsizlik enflasyon phillips eğrisi sosyal politika |
| title | Unemployment-Inflation Relationship in Germany |
| title_full | Unemployment-Inflation Relationship in Germany |
| title_fullStr | Unemployment-Inflation Relationship in Germany |
| title_full_unstemmed | Unemployment-Inflation Relationship in Germany |
| title_short | Unemployment-Inflation Relationship in Germany |
| title_sort | unemployment inflation relationship in germany |
| topic | germany unemployment inflation phillips curve social policy almanya i̇şsizlik enflasyon phillips eğrisi sosyal politika |
| url | https://dergipark.org.tr/tr/download/article-file/3616267 |
| work_keys_str_mv | AT abdullahmiracbukey unemploymentinflationrelationshipingermany AT muratkalkan unemploymentinflationrelationshipingermany |