what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany … reveals that there is a positive relationship between unemployment rates and start-up activities. Moreover, new business … disentangling periods of low and high unemployment we find that the effect of unemployment on new business formation is only …

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … deploy Bayesian Markov-switching structural vector autoregressive (MS-SVAR) model identified via heteroskedasticity. In … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …