endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …

recessions. First, we show that the consumption risk of short-time work is considerably smaller compared to unemployment using … frictions featuring an endogenous firing and short-time work decision. In recessions, short-time work reduces the unemployment …

supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …

, such as involuntary unemployment, imported goods in the consumption bundle and a new identified vector auto …

supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and inflation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …

This paper identifies the effect of variation in government-backed loan supply on unemployment exploiting regional …. This variation helps disentangling supply from demand effects. Higher loan supply reduces unemployment. Increasing the … between CHF 39,700 and CHF 52,400 per year. These costs are somewhat lower than unemployment benefits associated with the …

application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …