We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …

featured mainly declining unemployment rates. We develop a search and matching model with heterogeneous skills to explore the … role of structural and cyclical policies for this performance. Calibrating unemployment benefits to approximate legislation … before and after the reforms, we find a large reduction in unemployment and its duration, with the transition concluding …

-induced) outside option of workers, such as a decrease in unemployment benefits, public wages or, to a lesser extent, public …

In a New Keynesian DSGE model with labor market frictions and liquidityconstrained consumers aggregate unemployment is … reacts very differently from the group of liquidityconstrained consumers implying that the unemployment rate is likely to …’s parameters, we find that the size of the fiscal (unemployment) multiplier increases with i) highly sticky prices, ii) high …

In theoretical literature, the effects of employment protection on unemployment are ambiguous. Higher employment … can unambiguously increase unemployment. Interestingly, I find that tightening the restrictions on redundancies and …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing … einzelwirtschaftlichen Investitionsverhaltens in den vier größten Ländern des Euro-Währungsraums (Deutschland, Frankreich, Italien und …

is some evidence of an understatement of rent inflation in the official rent index for West Germany at the beginning of … Qualitätsfortschritt weniger stark. Da aber die privaten Haushalte in Deutschland rund 10 % ihres Budgets für Mieten ausgeben, könnte …

Given the marked reduction in the number of banks in Germany during recent years, the study estimates competitive … several size categories. However, despite the decrease in the number of banks in Germany during the investigated period and a …