Using an administrative dataset covering 2 million job loss events we analyze the impact of unemployment insurance (UI) benefits on spending from 2008 to 2020. We find that during the Great Recession spending cuts after job loss were deeper than in the subsequent expansion, but in the COVID-19...

This paper explores the effect of different regional technological profiles on the resilience of regional economies to exogenous shocks. It presents an empirical examination of the determinants of resilience through panel analyses of UK NUTS III level data for the 2004-2012 period. The results...

This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...

This paper investigates the relationship between the magnitude of automatic stabilizers in the tax and transfer systems of 19 EU countries and the US, and discretionary fiscal stimulus packages passed by these countries during the recent economic crisis. In particular, we ask whether countries...

The U.S. residential housing market collapse illustrates the consequences of ignoring risk while funding mortgage borrowing. Collateral over-valuation was a foundational piece of the crisis. Over the past few decades, secondary markets, securitization, policy and psychology increased the flow of...

Many studies have documented a negative association between macroeconomic indicators and fertility in times of economic crisis. These studies are based on research designs that do not allow for excluding that the observed association is driven by confounders. The aim of the present paper is to...