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 …

We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …