4 Helmut Siekmann This is something of a home game for Helmut Siekmann, as, for many years, he held the Endowed Chair of Money, Currency and Central Bank Law at the IMFS here at Frankfurt University, who are kindly hosting today’s event.
involuntary part-time and temporary work – which has to be absorbed again before wage pressures increase. In practice, we are seeing positive signs: in fact, the difference between the overall unemployment rate and broader measures of slack on the labour market has declined somewhat over the past two years.