Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past …

unemployment re-insurance scheme for the euro area. Running counterfactual simulations based on household micro data for the period … asymmetries in labor market shocks would have raised the income insurance of a typical unemployment insurance scheme in the euro …

government is low unemployment. However, there is a short-run trade-off between low inflation and low unemployment. Here the main …

2010-2018. Using Jordà’s (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …