they joined the establishment from unemployment This is supportive of equal treatment. We also show that a four parameter … series properties and co-properties of real wages, output, and unemployment, in particular the asymmetric response of wages …

This paper develops a sufficient-statistic formula for the unemployment gap-the difference between the actual … unemployment rate and the efficient unemployment rate. While lowering unemployment puts more people into work, it forces firms to … post more vacancies and to devote more resources to recruiting. This unemployment-vacancy tradeoff, governed by the …

, we offer new empirical evidence that credit declines during a recession primarily because of the reduction in the net … the bank credit market). Along the macroeconomic dimension of these gross flows, we document four cyclical facts. First …, the volatility of borrower inflows is two times as large as the volatility of obligors exiting from the credit market …

network model of the economy in which trade in intermediate goods is financed by supplier credit. In the model, a financial … shock to one firm affects its ability to make payments to its suppliers. The credit linkages between firms propagate …-industry credit flows from firm- and industry-level data. I then estimate aggregate and idiosyncratic shocks to industries in the US …

comovement of real wages is related to a common factor that exhibits a mild correlation with the national unemployment rate. Our …

Worksharing is considered by many as a promising public policy to reduce unemployment. In this paper we present a … evidence for the proposition that worksharing would promote employment or reduce unemployment. In an appendix we present an …

Worksharing is considered by many as a promising public policy to reduce unemployment. In this paper we present a … evidence for the proposition that worksharing would promote employment or reduce unemployment. In an appendix we present an …

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 …