trade result in an asymmetric reaction to an otherwise symmetric shock. In this context, we show that oil price shocks can …

Using local administrative data from 1826 to 1936, we document the evolution of crime rates in 19th century France and … we estimate the impact of a negative income shock on crime. Our identification strategy exploits the phylloxera crisis … this shock to identify its impact on property and violent crime rates, as well as minor offences. Our estimates suggest …

highest in Germany, followed by France, and Italy. However, even in Germany, the accommodation of a shock to unemployment by … European Union. Regression results are provided for Western Germany, France, and Italy. It is shown that labour mobility is …

market with wage rigidities may not recover from such a temporary labor supply shock: with a younger and less experienced … even after the shock. In a competitive market, in contrast, wage inequality and notably, the wage return to experience … becomes higher but there is no persistence of the supply shock. Higher education prevents this intertemporal multiplication of …

preferred model, almost 30 percent of the maximum effect of a shock still remains after ten years. …

cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …

a positive financial shock (e.g., winning the lottery). However, trust falls sharply following a negative financial … shock (e.g., bankruptcy). In terms of magnitude, this effect is approximately equivalent to the effect observed after one …, following a negative financial shock. In turn, locus of control is closely associated with interpersonal trust levels. …