Boeck, Maximilian; Crespo Cuaresma, Jesús; Glocker, … - 2022
We study empirically how various labor market institutions - (i) union density, (ii) unemployment benefit remuneration …, and (iii) employment protection - shape fiscal multipliers and output volatility. Our theoretical model highlights that … emanate from employment protection, followed by union density. While some labor market institutions mitigate the …