Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by … effect of financial frictions on equilibrium unemployment is amplified by goods market frictions and vice versa. -- search … ; matching ; unemployment ; goods market imperfections …

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 …

relationship between real wages, labour productivity and unemployment. Different time series econometric tools confirm that incomes … impact of incomes policy on the weak relationship between real wages and unemployment is detected. The analysis calls for a …

This paper analyses aggregate labour dynamics during the global financial crisis in Japan and the role of nonstandard …, it compares aggregate labour market dynamics during the global financial crisis with that observed during the 1997 crisis …. Counterfactual simulations suggest that the employment response during the global crisis would have been smaller if the incidence of …

This paper examines the occurrence of structural breaks in European unemployment associated with major events …, and the Euro/financial crisis in 2008-2009, which was followed by a general and intensive reform process in the years … unemployment rates. While adult unemployment is more prone to experience structural breaks, youth unemployment is more sensitive to …