“...Search frictions in the labor market give rise to a new option-value channel through which uncertainty affects aggregate economic activity, and the effects of...”

“...The paper studies how high household leverage and crises can be caused by changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008...”

“...This paper asks how well Okun's Law fits short‐run unemployment movements in the United States since 1948 and in 20 advanced economies since 1980. We find that...”

“...We propose a measure of systemic risk, ΔCoVaR, defined as the change in the value at risk of the financial system conditional on an institution being under...”

“...This paper builds a framework for the analysis of macroeconomic fluctuations that incorporates the endogenous determination of the number of producers and...”

“...Although oil price shocks have long been viewed as one of the leading candidates for explaining U.S. recessions, surprisingly little is known about the extent...”

“...What is the most appropriate combination of fiscal and monetary policies in economies subject to banking crises and deep recessions? We study this issue using...”

“...The downturn of 2008–09 has confirmed that: (i) housing is the single most critical part of the U.S. business cycle, (ii) the proper conduct of monetary policy...”

“...This article proposes a uncertainty composite indicator (UCI) based on three distinct sources of uncertainty (namely financial, political, and macroeconomic)...”

“...We study the influences of new-firm start-ups on growth at the regional and macroeconomic level in France using a quarterly database over the 1993–2011 period...”