-sectional firm dynamics ; lumpy investment ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks ; heterogeneous firms …

-varying uncertainty, highlighted in the literature. -- Ss model ; RBC model ; lumpy investment ; countercyclical risk ; aggregate shocks …

Following the collapse of the Berlin Wall, the birth rate halved in East Germany. Despite their small sizes, the … cohorts conceived during this period of socio-economic turmoil were, as they grew up in reunified Germany, markedly more … the period of turmoil. We highlight risk attitude as an important selection mechanism, beyond education and other …

recessions. First, we show that the consumption risk of short-time work is considerably smaller compared to unemployment using … household survey data from Germany. Second, we build a New Keynesian model with incomplete asset markets and labor market … risk of workers, which mitigates their precautionary savings motive. Using a quantitative model analysis, we show that this …

This paper investigates the vulnerability of households to climatic disasters in the low-lying atoll nation of Tuvalu …

This article studies the effects of tax competition on the provision of public goods under business risk and partial …