Der Klimawandel wird einen tiefgreifenden Einfluss sowohl auf die europäische als auch die globale Wirtschaft haben. Bei der Frage nach dem Handlungsbedarf für Zentralbanken wie die EZB ist unstrittig, dass Zentralbanken notwendige Schritte zu Sicherstellung von Preis- und Finanzstabilität im...

Das Verbundprojekt ‚Prävention in Unternehmen der Wissensökonomie‘ (PRÄWIN)1 hat zum Ziel, praxistaugliche Konzepte eines Gesundheitsmanagements für kleine und mittlere Unternehmen (KMU) der IT- und Medienbranche zu entwickeln.2 Hierzu wer-den in Zusammenarbeit mit drei...

We assess the empirical relevance for inflation dynamics of accounting for the presence of search frictions in the labor market. The New Keynesian Phillips curve explains inflation dynamics as being mainly driven by current and expected future marginal costs. Recent empirical research has...

We evaluate the ability of the labor market search and matching framework to account for the variation in aggregate hours worked. The model we develop and estimate features search frictions in the labor market, capital and investment adjustment costs, as well as variable hours at the worker...

We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies induce more on-the-job search. By keeping job creation costs low for firms,...

We analyse the implications of intra-firm bargaining for business cycle dynamics in models with large firms and search frictions. Intra-firm bargaining implies a feedback effect from the marginal revenue product to wage setting which leads firms to over-hire in order to reduce workers'...