months of the pandemic when a strict lockdown was in place. Differences in unemployment rates across local labour markets …

After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …

large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and …

reducing the generosity of unemployment benefits decreases wages, fosters employment and augments competitiveness as well as …

This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …