Kiel Policy Brief No. 30: Medium-run perspectives of a sustainable energy supply is an insufficiently discussed issue within the ongoing...

This paper estimates a search and matching model using Bayesian methods. We deviate from the existing literature in two ways. First, we...

Kiel Policy Brief No. 23: In November 2010, the Federal Reserve Bank announced to pursue another round of quantitative easing.

This paper documents a puzzling fact, namely that there is a significant negative relation between employment protection legislation and the...

This paper estimates whether learning-by-doing effects or cleansing effects of recessions drive the endogenous component of productivity in...

This paper documents a puzzling fact, namely that there is a significant negative relation between employment protection legislation and the...

This paper investigates the role of staggered wages and sticky prices in explaining stylized labor market facts. We build on a partial...

Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve (i.e. the negative...

Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve (i.e. the negative...

The ability of search and matching models to replicate stylized facts - such as volatilities and correlations - have been a center of...

In the recent New Keynesian literature a standard assumption is that the price for which an intermediate good is sold to the final good firm...

This paper provides a survey of the recent literature about firing costs and discusses the transmission channels of firing costs in a partial...

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...

This paper introduces productivity-dependent firing costs into an otherwise standard endogenous separations matching model. We suggest an...

This paper compares two elements of lay-o¤ costs, namely firing costs and severance pay- ments. Firing costs are a wasteful tax paid by the...

This paper implements capital in an endogenous separations New Keynesian matching model. We propose a more general approach, such that workers...

The efficiency wage theory developed by Akerlof (1982) assumes observability of effort and the ability of firm and worker to commit on their...