counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …

This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial … conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

It has been noted that the search and matching model cannot account for the observed unemployment fluctuations. Gertler …

This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …