, and collateral constraint (credit shock) on firm exit. We find that only the credit shock increases firm exit. This result … output, employment, and firm debt during the Great Recession (2007-2009) in the United States, we find that the credit shock …

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 …

We study optimal unemployment insurance (UI) over the business cycle using a heterogeneous agent job search model with …

distribution with the monetary shock affecting the median household relative to the 20th percentile by a larger amount than the … right tail. Our results suggest that the shock is transmitted through changes in net property and financial wealth that …

develop an extended Factor Augmented VAR model that simultaneously allows the estimation of a measure of uncertainty and its … shock has remained fairly stable. Simulations from a non-linear DSGE model suggest that these empirical results are …

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 …