Die Coronakrise hat die deutsche Wirtschaft in eine Rezession gestürzt, die viele Jobs bedroht. Tatsächlich hat der Beschäftigungsabbau bereits begonnen, wie Umfragen des ifo Instituts belegen. Aber über welche Kanäle trifft der Corona-Schock die deutschen Unternehmen? Dieser Beitrag...

We study the relationship between cyclical job and worker flows at the establishment level using the new German AWFP dataset spanning from 1975–2014. We find that worker turnover moves more procyclical than job turnover. This procyclical worker churn takes place along the entire employment...

What are the macroeconomic consequences of changing aggregate lending standards in residential mortgage markets, as measured by loan-to-value (LTV) ratios? In a structural VAR, GDP and business investment increase following an expansionary LTV shock. Residential investment, by contrast, falls, a...