institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

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

unemployment and output fluctuations. The central question is whether short-time work saves jobs in recessions. In our baseline … scenario the rule based component of short-time work (i.e., due to the existence of the institution) stabilizes unemployment …-time work interventions (i.e., rule changes) do not have any statistically significant effect on unemployment. These effects are …

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

unemployment and output fluctuations. The central question is whether the rule based component (i.e., the existence of the … our baseline scenario the rule based component stabilizes unemployment fluctuations by 15% and output fluctuations by 7 … significant effect on unemployment. These effects are based on a structural VAR estimation which is identified using the output …