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

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …

institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

empirical regularities that the conventional matching model cannot. -- Matching ; incentives ; adjustment costs ; unemployment …

German labor market volatilities by a longer expected job duration. -- Labor market volatilities ; unemployment ; worker …

predictions of the model change very little, but the welfare costs of unemployment are much larger because unemployment risk is … distributed unequally across workers. As a result, optimal unemployment insurance may be higher and welfare is lower if hiring is … selective. -- labor market models ; welfare ; optimal unemployment insurance …

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