mainly driven via STW. US unemployment rose at an unprecedented rate, but unlike in previous recessions, it was mostly driven …

prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short … in deep economic crises. The policy becomes more efficient as the recession deepens. In expansions, the effects are …

order to prevent layoffs and stabilize employment. Many OECD countries have used this policy in the Great Recession, for … efficient as the recession deepens. We disentangle discretionary short-time work from automatic stabilization in German data and …

Great Recession and the pandemic recession (aka the Great Contagion) can both be understood as being driven partially by …. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …, consequently, of output, and slow-down worker reallocation away from the sectors badly hit by the recession. …