Lending cuts by banks directly affect the firms borrowing from them, but also indirectly
depress economic activity in the regions in which they operate. This paper moves beyond …

Many on the Left see the European Union as a fundamentally benign project with the
potential to underpin ever greater cooperation and progress. If it has drifted rightward, the …

This article investigates the responsiveness of women's labor supply to their husband's job
loss—the so-called added worker effect. The authors contribute to the literature by taking an …

The incidence of employment interruptions and temporary part-time work has grown strongly
among full-time workers, yet little is known about the impact on wage inequality. This is the …

In many countries, displaced workers who exhaust their initial stream of unemployment
benefits may apply for long-term unemployment assistance. I analyze Germany's 2005 Hartz …

We provide novel evidence on the microstructure of international trade during the 2008
financial crisis and subsequent global recession by exploring a rich firm‐level data set from …

We analyze whether start-up rates in different industries systematically change with
business cycle variables. Using a unique data set at the industry level, we mostly find …

We analyse the robust performance of the German labour market in the Great Recession,
and investigate to what extent cyclical reductions in productivity and working time cushioned …

We investigate the explanatory factors that have contributed to changing wealth levels and
the gender wealth gap in Germany over the period 2002-2012. In particular, we analyze the …

We analyse the recent history of unemployment and labor reallocation in the German
economy using a variant of Lucas and Prescott's (1974) reallocation model, modified to …