“...This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone offers an unprecedented experiment for...”

“...This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is...”

“...This paper analyzes the role of the extensive vis-à-vis the intensive margin of labor adjustment in Germany and in the United States. The contribution is...”

“...We characterize efficient allocations and business cycle fluctuations in a labor selection model. Due to forward-looking hiring and labor supply decisions,...”

“...This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have been reversed (e.g., after wages...”

“...This paper indicates that East Germany’s unemployment originates primarily in the labor market, caused by the fast wage adjustment after German reunification...”

“...This paper is the first to show theoretically and empirically how firms' production technology affects the choice of their preferred wage formation regime. Our...”

“..."This paper shows that the German labor market is more volatile than the US labor market at the business cycle frequency. Specifically, the volatility of the...”

“...This paper is the first to show theoretically and empirically how firms' production technology affects the choice of their preferred wage formation regime. Our...”