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 …

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

Employment Agency did not contribute to the decline of unemployment in Germany. By contrast, improved activation of unemployed … restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment … workers reduced unemployed by 0.8 percentage points. Through the lens of an aggregate matching function, more activation is …

. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have … been reversed (e.g., after wages relative to productivity have fallen). We suggest that the longer people are unemployed …