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

This paper considers the issue of unemployment one of the most pressing issues facing the UK and other governments, as … unemployment among the young and other disadvantaged groups, is typical of past experience. The paper reviews past literature on … the causes of unemployment, arguing that the origin of the present difficulties lies with a collapse in demand rather than …

. 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 …

-24 have suffered disproportionately during the recession. Using the USA and UK as case studies, we analyse youth unemployment … using microdata. We argue that there is convincing evidence that the effects of unemployment when young impose costs on … individuals and society well into the future. Though the effects of current policies on youth unemployment are uncertain, there is …

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

the key driver of the unusually small increase in German unemployment in the Great Recession. …

not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …