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 …

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … driver for the "German labor market miracle" during the Great Recession. …

Phänomen insbesondere die längere Betriebszugehörigkeitsdauer in Deutschland an. -- Labor Market Volatilities ; Unemployment …

these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and …

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …