We analyze shocks to productivity, collateral constraint (credit shock), firm operation, and labor disutility in a …. Compared to the productivity shock, the credit and the lockdown shocks generate larger changes in firm entry and exit. The … credit shock accounts for lower entry, higher exit, and concentration of exit among young firms during the Great Recession …

shift. While some have argued that the shift was caused by a supply shock due to labour market liberalization, others have … the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in … Austria after 2011 can indeed be attributed to a supply-side shock. But, contrary to other research, our analysis shows that …