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Journal for Labour Market Research
Fig. 10 | Zeitschrift für ArbeitsmarktForschung

Fig. 10

From: More than just one labor market cycle in Germany? An analysis of regional unemployment dataMehr als ein Arbeitsmarktzyklus in Deutschland? Eine Analyse regionaler Daten zur Arbeitslosigkeit

Fig. 10

Impulse–Response Function showing the “East” factor’s response to the ifo index for West Germany, for East Germany, active labor market policies in East Germany and the “West” factor in the second sample (2005–2010). Note: Responses are obtained from a structural VAR(1) model. Shocks are one standard deviation for each series. Orthogonalization of the responses is achieved by Cholesky decomposition. Dotted lines denote innovations ±2 standard deviations

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