small businesses in the United States are one of the drivers explaining the unemployment dynamics during the Great Recession …

reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …

play an important role in explaining the lackluster German economic performance of which rising unemployment is only one …

producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the …

reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …

This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial … conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …

economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that uctuations in the total …