unemployment is very close to zero when unemployment is above its long term average but large and highly significant when below. We … unemployment. It cannot however match the persistence of the German unemployment rate. We conjecture that extending the model to …

for unemployment rates in 439 NUTS-3 German districts. We employ a semi-parametric approach – spatial filtering – in order … spatial filtering analysis of regional unemployment rates in Germany. Furthermore, we exploit the resulting spatial filter as …

movements in GDP, unemployment, vacancies, and wages in the period from 2007 until 2011. We show that contractionary financial … important in the U.K. and Sweden than in the U.S., but matching efficiency improved in Germany, helping to keep unemployment low …. A counterfactual experiment suggests that unemployment in Germany would have been substantially higher if the German …

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 …