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

reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the … the existing disagreement in the macroeconomic literature on the unemployment effects of Hartz IV. We find that Hartz IV … was a major driver for the decline of Germany's unemployment and that partial and equilibrium effect where of equal …

restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … Employment Agency did not contribute to the decline of unemployment in Germany. By contrast, improved activation of unemployed …

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

comovement between matches, unemployment, and vacancies in dynamic labor market models: either by assuming a standard Cobb …