in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

In recessions, unemployment increases despite the - perhaps counterintuitive - fact that the number of unemployed … workers finding jobs expands. On net, unemployment rises only because even more workers lose their jobs. We propose a theory … of unemployment fluctuations resting on this countercyclicality of gross flows from unemployment into employment. In …

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

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

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 …

. If unemployment appears, however, home employment and consumption per capita decrease. …

This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …

explore the relationship between these variables, we develop a macroeconomic model with firms that are subject to both credit … unemployment that are in line with the data. …

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

We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …