Konjunkturzyklus. Es zeigt sich, dass der jahrzehntelange Aufwärtstrend der Arbeitslosigkeit in Deutschland vollständig durch Hysterese … erklärt werden kann. Dagegen folgte die Arbeitslosigkeit in den USA keinem Hysterese-Muster, auch nicht während der großen … Rezession. Deutschland überstand diese Rezession so gut, weil sowohl Hysterese als auch strukturelle Arbeitslosigkeit durch …

, technology shocks have more persistent effects. The job finding rate largely drives the response of unemployment, though the … estimate shock-specific matching functions. Allowing for a break in 1984:Q1 shows considerable subsample differences in … matching elasticities and relative shock-specific efficiency …

the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that … uncertainty shocks measured by stock market volatility have a significant impact on the U.S. unemployment rate. We then develop a …

amplifies fluctuations in unemployment and results in excess unemployment volatility relative to the efficient allocation …. Recessions disproportionately affect lowproductivity workers, whose unemployment spells are inefficiently frequent and long. We … consider a COVID recession resulting from a negative demand shock and a surge in exogenous separations. Highproductivity …

of fiscal shocks and unemployment-output trade-offs are studied in this paper using state-of-the-art TVP-VAR modelling …

end of the shock distribution collapses -- large upward earnings movements become less likely -- whereas the bottom end …