Summary This paper extends the recent literature that exclusively looks at the static link between bilateral trade intensity and business cycle synchronisation. A cross section augmented VAR framework with an unobservered common factor structure is used in order to apply the concept of Granger...

At its 10th anniversary the EMU had to stand the baptism of fire caused by the "Great Recession" 2009. By and large it mastered this test. The introduction of the Euro, however, has brought to light the latent weaknesses in competitiveness of some member states of the Euro area, consisting up to...

Zwischen 2008 und 2009 wurde Deutschland vom dramatischsten ökonomischen Schock seit der Großen Weltwirtschaftskrise 1929 erfasst. Im Gegensatz zu anderen betroffenen Staaten blieb der Arbeitsmarkt weitestgehend entspannt. Dieses Phänomen bezeichnete Paul Krugman im Herbst 2009 als 'Germany's...

Summary Even though the 2008/09 economic crisis had only minor employment effects on the German labor market, it might have affected firms’ further training and apprenticeship training behavior. From a theoretical point of view, the impact of the business cycle on firms’ training behaviour...

Summary There is a broad consensus that the likelihood of becoming an entrepreneur is not only influenced by individual characteristics but also by spatial context conditions. However, context factors are not per se stable; they tend to vary over time which is particularly relevant during...

Summary This paper investigates the development of skill shortages during the period 2007-2012. Using the German Establishment Panel of the Institute for Employment Research (IAB), we find differences across the years before, during and after the Great Recession. Furthermore, we analyze the...

Abstract This paper examines five possible explanations for the Great Recession of 2008 and 2009, using data for the United States and the eurozone. Of these five hypotheses, four are not supported by the data, while the fifth appears reasonable.