-run (noncyclical) unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases … German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long …-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …

. But Germany has almost equally consistently run current account surpluses. Exports have powered the dynamic phases and … delivery of services, will be good for Germany and for the global economy. Absent such an effort, German growth will remain … constrained, and Germany will play only a modest role in spurring growth elsewhere. …

We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …

inflation, unemployment, government deficit, and GDP growth into a single indicator. In contrast to other indexes, the EPI does …

While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits …. Our main findings are that the current still elevated levels of unemployment mostly reflect structural factors. We then … turn to why structural unemployment is so high. This paper points to skill mismatches, high tax wedges, and unemployment …