Transitory exogenous shocks in a non-linear framework: application to the cyclical behaviour of the German aggregate wage earnings

Mohamed Chikhi and Claude Diebolt

Historical Social Research (Section 'Cliometrics'), 2009, vol. 34, issue 1, 354-366

Abstract: This paper analyses the cyclical behaviour of the German annual aggregate wage earnings over 179 years. Our results show that there are transitory exogenous shocks which contain predictive information for aggregate wages in a non-linear framework.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:afc:histor:v:34:y:2009:i:1:p:354-366

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