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The German labor market during the Great Recession : shocks and institutions
Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2017
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10011634724
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The German labor market during the Great Recession : shocks and institutions
Gehrke, Britta; Lechthaler, Wolfgang; Merkl, Christian - 2018
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10011916540
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Fiscal stimulus and labor market policies in Europe
Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - In: Journal of economic dynamics & control 37 (2013) 3, pp. 483-499
Persistent link: https://www.econbiz.de/10009710469
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Worker churn in the cross section and over time : new evidence from Germany
Bachmann, Ruediger; Bayer, Christian; Merkl, Christian; … - In: Journal of monetary economics 117 (2021), pp. 781-797
Persistent link: https://www.econbiz.de/10012603216
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Wage cyclicalities and labor market dynamics at the establishment level : theory and evidence
Merkl, Christian; Stüber, Heiko - 2017
Using the new AWFP dataset that covers all German establishments, we document a substantial cross-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are procyclical, there is a large fraction of establishments with...
Persistent link: https://www.econbiz.de/10011735900
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2010
and inflation volatility ; labor turnover costs ; unemployment benefits ; unemployment ; eurozone …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …
Persistent link: https://www.econbiz.de/10003961662
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - In: European journal of political economy 27 (2011) 1, pp. 44-60
Persistent link: https://www.econbiz.de/10009260158
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Macroeconomic volatilities and the labor market : first results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2009
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … ; macroeconomic volatility ; monetary policy ; firing costs ; unemployment benefits ; replacement rate …
Persistent link: https://www.econbiz.de/10003827228
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Macroeconomic Volatilities and the Labor Market : First Results from the Euro Experiment
Merkl, Christian - 2010
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …
Persistent link: https://www.econbiz.de/10013143682