counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …

counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important …

sluggish. Job creation and job destruction are negatively correlated. And the volatility of unemployment is much larger than in …

endogenous growth through learning-by-doing and skill loss from long-term unemployment. We show that medium-run and long …-run output and unemployment multipliers are much larger compared to the standard model that abstracts from endogenous growth and … well as alternative labor market institutions (US and Europe) …

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our … single-sector perspective pays special attention to the role of income effects and shows that bad institutions in one country …

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …