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Tom Krebs

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Krebs, Tom & Kuhn, Moritz & Wright, Mark L. J., 2015. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," IZA Discussion Papers 9228, Institute of Labor Economics (IZA).

    Mentioned in:

    1. Human Capital Risk, Contract Enforcement, and the Macroeconomy
      by Christian Zimmermann in NEP-DGE blog on 2015-08-26 18:13:08
  2. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.

    Mentioned in:

    1. Labor Market Reform and the Cost of Business Cycles
      by Christian Zimmermann in NEP-DGE blog on 2015-02-28 06:48:26
  3. Tom Krebs, 2007. "Job Displacement Risk and the Cost of Business Cycles," American Economic Review, American Economic Association, vol. 97(3), pages 664-686, June.

    Mentioned in:

    1. Why all the fuss about business cycles?
      by Economic Logician in Economic Logic on 2009-09-01 19:25:00
  4. Tom Krebs & Pravin Krishna & William F. Maloney, 2013. "Income Risk, Income Mobility and Welfare," Documentos CEDE 10495, Universidad de los Andes, Facultad de Economía, CEDE.

    Mentioned in:

    1. Much of observed income mobility is measurement error
      by Economic Logician in Economic Logic on 2013-03-20 19:19:00

Working papers

  1. Tom Krebs & Janek Steitz, 2021. "Oeffentliche Finanzbedarfe fuer Klimainvestitionen im Zeitraum 2021-2030," Working Papers 3, Forum New Economy.

    Cited by:

    1. Monika Schnitzer & Achim Truger, 2022. "Finanzierung von Zukunftsinvestitionen: Pragmatische Lösungen sind gefragt [Financing Investments in the Future: Pragmatic Solutions Are Needed]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 102(1), pages 11-14, January.

  2. Tom Krebs, 2021. "Klimaschutz und der moderne Staat: Ein Wasserstoffpaket fuer Deutschland," Working Papers 1, Forum New Economy.

    Cited by:

    1. Tom Krebs, 2021. "Klimaschutz und der moderne Staat," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(7), pages 516-519, July.

  3. Tom Krebs & Pravin Krishna & William F. Maloney, 2017. "Income Mobility, Income Risk and Welfare," NBER Working Papers 23578, National Bureau of Economic Research, Inc.

    Cited by:

    1. Aart Kraay & Roy Weide, 2022. "Measuring intragenerational mobility using aggregate data," Journal of Economic Growth, Springer, vol. 27(2), pages 273-314, June.

  4. Krebs, Tom & Scheffel, Martin, 2016. "Structural Reform in Germany," IZA Discussion Papers 9787, Institute of Labor Economics (IZA).

    Cited by:

    1. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen und fiskalischen Effekte ausgewählter Infrastruktur- und Bildungsinvestitionen in Deutschland," Working Papers 16-13, University of Mannheim, Department of Economics.
    2. Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Truger, Achim & Wieland, Volker, 2019. "Den Strukturwandel meistern. Jahresgutachten 2019/20 [Dealing with Structural Change. Annual Report 2019/20]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201920.

  5. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen und fiskalischen Effekte ausgewählter Infrastruktur- und Bildungsinvestitionen in Deutschland," Working Papers 16-13, University of Mannheim, Department of Economics.

    Cited by:

    1. Marius Clemens & Marcel Fratzscher & Claus Michelsen, 2021. "Ein Investitionsprogramm zur Krisenbewältigung," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(3), pages 168-171, March.
    2. Christoph M. Schmidt & Andreas Löschel & Karen Pittel & Christoph Bals & Audrey Mathieu & Sonja Peterson & Wilfried Rickels & Stefanie Berendsen & Ingmar Jürgens & Veronika Grimm & Sabine Schlacke & H, 2020. "European Green Deal – Bottlenecks until 2030," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(06), pages 03-37, June.
    3. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2017. "Für eine zukunftsorientierte Wirtschaftspolitik. Jahresgutachten 2017/18 [Towards a Forward-Looking Economic Policy. Annual Report 2017/18]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201718.
    4. Boysen-Hogrefe, Jens, 2018. "Trotz voller Kassen: Nicht jedes Wahlversprechen im nächsten Koalitionsvertrag umsetzen!," Kiel Policy Brief 112, Kiel Institute for the World Economy (IfW Kiel).

  6. Kuhn, Moritz & Krebs, Tom & Wright, Mark L.J., 2016. "Under-Insurance in Human Capital Models with Limited Enforcement," CEPR Discussion Papers 11612, C.E.P.R. Discussion Papers.

    Cited by:

    1. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016," Working Papers Series inetwp124, Institute for New Economic Thinking.
    2. Moritz Kuhn, 2017. "The Research Agenda: Moritz Kuhn on Understanding income and wealth inequality," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 18(1), April.
    3. Angelopoulos, Konstantinos & Lazarakis, Spyridon & Malley, James, 2020. "The distributional implications of asymmetric income dynamics," European Economic Review, Elsevier, vol. 128(C).
    4. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "The Distribution of Household Debt in the United States, 1950-2019," ECONtribute Discussion Papers Series 015, University of Bonn and University of Cologne, Germany.

  7. Krebs, Tom & Kuhn, Moritz & Wright, Mark L. J., 2016. "Insurance in Human Capital Models with Limited Enforcement," IZA Discussion Papers 9948, Institute of Labor Economics (IZA).

    Cited by:

    1. Moritz Kuhn, 2017. "The Research Agenda: Moritz Kuhn on Understanding income and wealth inequality," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 18(1), April.

  8. Krebs, Tom & Yao, Yao, 2016. "Labor Market Risk in Germany," IZA Discussion Papers 9869, Institute of Labor Economics (IZA).

    Cited by:

    1. Gomes, Diego B.P. & Iachan, Felipe S. & Santos, Cezar, 2020. "Labor earnings dynamics in a developing economy with a large informal sector," Journal of Economic Dynamics and Control, Elsevier, vol. 113(C).
    2. Krebs, Tom & Scheffel, Martin, 2016. "Structural Reform in Germany," IZA Discussion Papers 9787, Institute of Labor Economics (IZA).
    3. Horneff, Vanya & Liebler, Daniel & Maurer, Raimond & Mitchell, Olivia S., 2019. "Implications of money-back guarantees for individual retirement accounts: Protection then and now," SAFE Working Paper Series 263, Leibniz Institute for Financial Research SAFE.
    4. Ulrich Fritsche & Johannes Puckelwald, 2018. "Deciphering Professional Forecasters’ Stories - Analyzing a Corpus of Textual Predictions for the German Economy," Macroeconomics and Finance Series 201804, University of Hamburg, Department of Socioeconomics.
    5. Diego Gomes & Cezar Santos & Felipe Iachan, 2019. "Labor Earnings Dynamics with a Large Informal Sector," 2019 Meeting Papers 793, Society for Economic Dynamics.
    6. Mr. Tom Krebs & Mr. Martin Scheffel, 2016. "Structural Reform in Germany," IMF Working Papers 2016/096, International Monetary Fund.

  9. Krebs, Tom & Scheffel, Martin, 2016. "Labor Market Institutions and the Cost of Recessions," IZA Discussion Papers 10442, Institute of Labor Economics (IZA).

    Cited by:

    1. Dechezlepretre, Antoine & Hemous, David & Olsen, Morten & Zanella, Carlo, 2020. "Automating labor: evidence from firm-level patent data," LSE Research Online Documents on Economics 108420, London School of Economics and Political Science, LSE Library.
    2. Lea Immel, 2021. "The Impact of Labor Market Reforms on Income Inequality: Evidence from the German Hartz Reforms," ifo Working Paper Series 347, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.

  10. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.

    Cited by:

    1. Eleni Iliopulos & François Langot & Thepthida Sopraseuth, 2019. "Welfare Cost of Fluctuations When Labor Market Search Interacts with Financial Frictions," PSE-Ecole d'économie de Paris (Postprint) hal-03970668, HAL.
    2. Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2016. "German labor market and fiscal reforms 1999–2008: Can they be blamed for intra-euro area imbalances?," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 307-324.
    3. Michael Stops, 2016. "Revisiting German labour market reform effects—a panel data analysis for occupational labour markets," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-43, December.
    4. Launov, Andrey & Wälde, Klaus, 2016. "The employment effect of reforming a public employment agency," European Economic Review, Elsevier, vol. 84(C), pages 140-164.
    5. Timo Walter, 2023. "German labor market reform and the rise of Eastern Europe: dissecting their effects on employment," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(2), pages 351-387, May.

  11. Krebs, Tom & Krishna, Pravin & Maloney, William F., 2013. "Income Mobility and Welfare," Working Papers 13-02, University of Mannheim, Department of Economics.

    Cited by:

    1. Thiagu Ranganathan & Amarnath Tripathi & Ghanshyam Pandey, 2016. "Income Mobility among Social Groups in Indian Rural Households: Findings from the Indian Human Development Survey," Working Papers id:10933, eSocialSciences.
    2. Richard M. Bird & Eric M. Zolt, 2014. "Taxation and inequality in the Americas: Changing the fiscal contract?," Chapters, in: Richard M. Bird & Jorge Martinez-Vazquez (ed.), Taxation and Development: The Weakest Link?, chapter 7, pages 193-237, Edward Elgar Publishing.
    3. Thiagu Ranganathan & Amarnath Tripathi & Ghanshyam Pandey, 2016. "Income Mobility among Social Groups in Indian Rural Households Findings from the Indian Human Development Survey," IEG Working Papers 368, Institute of Economic Growth.
    4. Bird, Richard M. & Zolt, Eric M., 2015. "Fiscal Contracting in Latin America," World Development, Elsevier, vol. 67(C), pages 323-335.
    5. Perez, Victor, 2015. "Moving in and out of poverty in Mexico: What can we learn from pseudo-panel methods?," ISER Working Paper Series 2015-16, Institute for Social and Economic Research.

  12. Krebs, Tom & Krishna, Pravin & Maloney, William F., 2012. "Income risk, income mobility and welfare," Policy Research Working Paper Series 6254, The World Bank.

    Cited by:

    1. Thiagu Ranganathan & Amarnath Tripathi & Ghanshyam Pandey, 2016. "Income Mobility among Social Groups in Indian Rural Households: Findings from the Indian Human Development Survey," Working Papers id:10933, eSocialSciences.
    2. Gary Fields & Robert Duval-Hernández & Samuel Freije & María Sánchez Puerta, 2015. "Earnings mobility, inequality, and economic growth in Argentina, Mexico, and Venezuela," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 13(1), pages 103-128, March.
    3. Bird, Richard M. & Zolt, Eric M., 2015. "Fiscal Contracting in Latin America," World Development, Elsevier, vol. 67(C), pages 323-335.

  13. Krebs, Tom & Scheffel, Martin, 2012. "Macroeconomic Evaluation of Labor Market Reform in Germany," Working Papers 12-23, University of Mannheim, Department of Economics.

    Cited by:

    1. van den Berg, Gerard J. & Kesternich, Iris & Müller, Gerrit & Siflinger, Bettina M., 2019. "Reciprocity and the Interaction between the Unemployed and the Caseworker," IZA Discussion Papers 12835, Institute of Labor Economics (IZA).
    2. Gabriel Felbermayr & Giammario Impullitti & Julien Prat, 2018. "Firm Dynamics and Residual Inequality in Open Economies," Journal of the European Economic Association, European Economic Association, vol. 16(5), pages 1476-1539.
    3. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    4. Gehrke, Britta & Lechthaler, Wolfgang & Merkl, Christian, 2018. "The German Labor Market during the Great Recession: Shocks and Institutions," IZA Discussion Papers 11858, Institute of Labor Economics (IZA).
    5. Busl, Claudia & Seymen, Atılım, 2013. "The German labour market reforms in a European context: A DSGE analysis," ZEW Discussion Papers 13-097, ZEW - Leibniz Centre for European Economic Research.
    6. Benjamin Hartung & Philip Jung & Moritz Kuhn, 2018. "What Hides Behind the German Labor Market Miracle? Unemployment Insurance Reforms and Labor Market Dynamics," CESifo Working Paper Series 7379, CESifo.
    7. Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2016. "German labor market and fiscal reforms 1999–2008: Can they be blamed for intra-euro area imbalances?," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 307-324.
    8. Steffen Elstner & Lars P. Feld & Christoph M. Schmidt, 2018. "The German Productivity Paradox - Facts and Explanations," CESifo Working Paper Series 7231, CESifo.
    9. Michael Stops, 2016. "Revisiting German labour market reform effects—a panel data analysis for occupational labour markets," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-43, December.
    10. Setzer, Ralph & Stieglitz, Moritz, 2019. "Firm-level employment, labour market reforms, and bank distress," Working Paper Series 2334, European Central Bank.
    11. Andrey Launov & Klaus Wälde, 2013. "Estimating Incentive And Welfare Effects Of Nonstationary Unemployment Benefits," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(4), pages 1159-1198, November.
    12. Beissinger, Thomas & Chusseau, Nathalie & Hellier, Joël, 2015. "Offshoring and labour market reforms: Modelling the German experience," Hohenheim Discussion Papers in Business, Economics and Social Sciences 04-2015, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    13. Tom Krebs & Martin Scheffel, 2016. "Labor Market Institutions and the Cost of Recessions," CESifo Working Paper Series 6262, CESifo.
    14. Hutter, Christian & Klinger, Sabine & Trenkler, Carsten & Weber, Enzo, 2019. "Which factors are behind Germany's labour market upswing?," IAB-Discussion Paper 201920, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    15. Christian Merkl & Timo Sauerbier, 2023. "Public Employment Agency Reform, Matching Efficiency, and German Unemployment," SOEPpapers on Multidisciplinary Panel Data Research 1185, DIW Berlin, The German Socio-Economic Panel (SOEP).
    16. Drechsel-Grau, Moritz, 2022. "Macroeconomic and Distributional Effects of Higher Minimum Wages," VfS Annual Conference 2022 (Basel): Big Data in Economics 264002, Verein für Socialpolitik / German Economic Association.
    17. Woodcock, Simon D., 2020. "The Effect of the Hartz Labor Market Reforms on Post-unemployment Wages, Sorting, and Matching," IZA Discussion Papers 13300, Institute of Labor Economics (IZA).
    18. Michael Bräuninger & Jochen Michaelis & Madlen Sode, 2013. "10 Jahre Hartz-Reformen," MAGKS Papers on Economics 201318, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    19. Bibek Adhikari & Mr. Romain A Duval & Bingjie Hu & Mr. Prakash Loungani, 2016. "Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method," IMF Working Papers 2016/171, International Monetary Fund.
    20. Paolo Brunori & Guido Neidhofer, 2020. "The Evolution of Inequality of Opportunity in Germany: A Machine Learning Approach," Working Papers 514, ECINEQ, Society for the Study of Economic Inequality.
    21. Launov, Andrey & Wälde, Klaus, 2016. "The employment effect of reforming a public employment agency," European Economic Review, Elsevier, vol. 84(C), pages 140-164.
    22. Karl Aiginger & Kurt Kratena & Margit Schratzenstaller & Teresa Weiss, 2014. "Moving Towards a New Growth Model. WWWforEurope Deliverable No. 3," WIFO Studies, WIFO, number 47247, April.
    23. Krebs, Tom & Scheffel, Martin, 2016. "Structural Reform in Germany," IZA Discussion Papers 9787, Institute of Labor Economics (IZA).
    24. Philip Jung & Anke Hassel & Robert Habeck & Matthias Knuth & Alexander Spermann & Hans Peter Grüner & Maximilian Joseph Blömer & Clemens Fuest & Andreas Peichl, 2019. "Proposed labor market reforms: Is Hartz IV still sustainable?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(06), pages 03-25, March.
    25. Rothe, Thomas & Wälde, Klaus, 2017. "Where did all the unemployed go? : Non-standard work in Germany after the Hartz reforms," IAB-Discussion Paper 201718, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    26. Christian Hutter & Francesco Carbonero & Sabine Klinger & Carsten Trenkler & Enzo Weber, 2022. "Which factors were behind Germany's labour market upswing? A data‐driven approach," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(5), pages 1052-1076, October.
    27. Hochmuth, Brigitte & Kohlbrecher, Britta & Merkl, Christian & Gartner, Hermann, 2019. "Hartz IV and the Decline of German Unemployment: A Macroeconomic Evaluation," IZA Discussion Papers 12260, Institute of Labor Economics (IZA).
    28. Krause, Michael U. & Uhlig, Harald, 2012. "Transitions in the German labor market: Structure and crisis," Journal of Monetary Economics, Elsevier, vol. 59(1), pages 64-79.
    29. Maia Güell & Cristina Lafuente & Manuel Sánchez & Hélène Turon, 2022. "So different yet so alike: micro and macro labour market outcomes in Germany and Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 147-169, May.
    30. Bihemo Kimasa & Leo Kaas, 2016. "Firm dynamics with frictional product and labor markets," 2016 Meeting Papers 1033, Society for Economic Dynamics.
    31. Ruppert, Kilian & Stähler, Nikolai, 2020. "Household savings, capital investments and public policies: What drives the German current account?," Discussion Papers 41/2020, Deutsche Bundesbank.
    32. Carrillo-Tudela, Carlos & Launov, Andrey & Robin, Jean-Marc, 2018. "The Fall in German Unemployment: A Flow Analysis," IZA Discussion Papers 11442, Institute of Labor Economics (IZA).
    33. Klinger, Sabine & Weber, Enzo, 2014. "Decomposing Beveridge curve dynamics by correlated unobserved components," University of Regensburg Working Papers in Business, Economics and Management Information Systems 480, University of Regensburg, Department of Economics.
    34. Denise Currie & Paul Teague, 2017. "The eurozone crisis, German hegemony and labour market reform in the GIPS countries," Industrial Relations Journal, Wiley Blackwell, vol. 48(2), pages 154-173, March.
    35. Seele, Stefanie & Burda, Michael, 2016. "No Role for the Hartz Reforms? Demand and Supply Factors in the German Labor Market, 1993-2014," VfS Annual Conference 2016 (Augsburg): Demographic Change 145650, Verein für Socialpolitik / German Economic Association.
    36. Aida Caldera Sánchez & Alain de Serres & Naomitsu Yashiro, 2016. "Reforming in a difficult macroeconomic context: A review of the issues and recent literature," OECD Economics Department Working Papers 1297, OECD Publishing.
    37. Moritz Drechsel-Grau & Andreas Peichl & Johannes Friedrich Schmieder & Kai D. Schmid & Hannes Walz & Stefanie Wolter, 2022. "Inequality and Income Dynamics in Germany," CESifo Working Paper Series 9605, CESifo.
    38. Magnus Reif, 2020. "Macroeconomics, Nonlinearities, and the Business Cycle," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 87.
    39. Maximilian Joseph Blömer & Clemens Fuest & Andreas Peichl, 2019. "Out of the low-income trap(!) – The ifo proposal for reforming the basic income support system," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(04), pages 34-43, February.
    40. Bauer, Anja & King, Ian Paul, 2016. "The Hartz Reforms, the German Miracle, and the Reallocation Puzzle," VfS Annual Conference 2016 (Augsburg): Demographic Change 145702, Verein für Socialpolitik / German Economic Association.
    41. Claudia Busl & Atilim Seymen, 2013. "(Spillover) Effects of Labour Market Reforms in Germany and France. WWWforEurope Working Paper No. 8," WIFO Studies, WIFO, number 46855, April.
    42. Norbert Berthold & Mustafa Coban, 2014. "Kombilöhne gegen Erwerbsarmut: Warum die USA erfolgreicher sind als Deutschland," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(2), pages 118-124, February.
    43. Scheffel, Martin, 2010. "Evaluation der Beschäftigungs- und Wohlfahrtseffekte der Hartz IV-Reform," ZEW Wachstums- und Konjunkturanalysen, ZEW - Leibniz Centre for European Economic Research, vol. 13(3), pages 10-11.
    44. Tatiana Didier & M. Ayhan Kose & Franziska Ohnsorge & Lei Sandy Ye, 2015. "Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?," Koç University-TUSIAD Economic Research Forum Working Papers 1529, Koc University-TUSIAD Economic Research Forum.
    45. Bauer, Anja & King, Ian, 2018. "The Hartz reforms, the German Miracle, and labor reallocation," European Economic Review, Elsevier, vol. 103(C), pages 1-17.
    46. Amélie Barbier-Gauchard & Francesco De Palma & Giuseppe Diana, 2013. "Why could Northern labor market flexibility save the eurozone ?," Working Papers of BETA 2013-09, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    47. Moritz Drechsel-Grau, 2023. "Employment and Reallocation Effects of Higher Minimum Wages," CESifo Working Paper Series 10412, CESifo.
    48. Hertweck, Matthias Sebastian & Sigrist, Oliver, 2013. "The Aggregate Effects of the Hartz Reforms in Germany," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79942, Verein für Socialpolitik / German Economic Association.
    49. Hassan Molana & Catia Montagna & George E. Onwordi, 2021. "De-Globalization, Welfare State Reforms and Labor Market Outcomes," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(4), pages 624-655, December.
    50. Povilas Lastauskas & Julius Stakenas, 2015. "Global Perspective on Structural Labour Market Reforms in Europe," Cambridge Working Papers in Economics 1534, Faculty of Economics, University of Cambridge.
    51. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen Effekte ausgewählter Reformvorschläge der Studie "Reforms, Investment and Growth: An Agenda for France, Germany and Europe"," Working Papers 16-04, University of Mannheim, Department of Economics.
    52. Klinger, Sabine & Rothe, Thomas & Weber, Enzo, 2013. "Makroökonomische Perspektive auf die Hartz-Reformen: Die Vorteile überwiegen (The Hartz reforms from a macroeconomic perspective: Positive effects predominate)," IAB-Kurzbericht 201311, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    53. Hamzeh Arabzadeh, 2016. "The political economy of twin deficits and wage setting centralization," LIDAM Discussion Papers IRES 2016017, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    54. Launov, Andrey & Wälde, Klaus, 2013. "Thumbscrews for Agencies or for Individuals? How to Reduce Unemployment," IZA Discussion Papers 7659, Institute of Labor Economics (IZA).
    55. Ruppert, Kilian & Stähler, Nikolai, 2022. "What drives the German current account? Household savings, capital investments and public policies," Economic Modelling, Elsevier, vol. 108(C).
    56. Yolanda F. Rebollo-Sanz & J. Ignacio García-Pérez, 2015. "Are Unemployment Benefits harmful to the stability of working careers? The case of Spain," Studies on the Spanish Economy eee2015-04, FEDEA.
    57. Hörnig, Lukas, 2023. "Regional employment effects of the Hartz-reforms," Ruhr Economic Papers 1033, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    58. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2015. "Zukunftsfähigkeit in den Mittelpunkt. Jahresgutachten 2015/16 [Focus on Future Viability. Annual Report 2015/16]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201516.
    59. Ruoff, Bea., 2016. "Labour market developments in Germany : tales of decency and stability," ILO Working Papers 994899913402676, International Labour Organization.
    60. Klinger, Sabine & Weber, Enzo, 2015. "GDP-Employment Decoupling and the Productivity Puzzle in Germany," University of Regensburg Working Papers in Business, Economics and Management Information Systems 485, University of Regensburg, Department of Economics.
    61. Ehrich, Malte & Munasib, Abdul & Roy, Devesh, 2018. "The Hartz reforms and the German labor force," European Journal of Political Economy, Elsevier, vol. 55(C), pages 284-300.
    62. Kraft, Kornelius & Lammers, Alexander, 2021. "The Effects of Reforming a Federal Employment Agency on Labor Demand," IZA Discussion Papers 14629, Institute of Labor Economics (IZA).
    63. Woodcock, Simon D., 2023. "The determinants of displaced workers’ wages: Sorting, matching, selection, and the Hartz reforms," Journal of Econometrics, Elsevier, vol. 233(2), pages 568-595.
    64. Thomas Beissinger & Nathalie Chusseau & Joël Hellier, 2016. "Offshoring and labour market reforms in Germany: Assessment and policy implications," Post-Print hal-01533541, HAL.
    65. Timo Bettendorf & Miguel A. León‐Ledesma, 2019. "German Wage Moderation and European Imbalances: Feeding the Global VAR with Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(2-3), pages 617-653, March.
    66. Carlos Carrillo-Tudela & Hermann Gartner & Leo Kaas, 2020. "Recruitment Policies, Job-Filling Rates and Matching Efficiency," CESifo Working Paper Series 8299, CESifo.
    67. Kanninen, Ohto & Böckerman, Petri & Suoniemi, Ilpo, 2022. "Income–well-being gradient in sickness and health," MPRA Paper 113269, University Library of Munich, Germany.
    68. Klinger, Sabine & Weber, Enzo, 2019. "GDP-Employment decoupling and the slow-down of productivity growth in Germany," IAB-Discussion Paper 201912, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    69. Christopher A. Pissarides, 2013. "Unemployment in the Great Recession," Economica, London School of Economics and Political Science, vol. 80(319), pages 385-403, July.
    70. Kurt Kratena & Mark Sommer, 2014. "Labour Market Policy and Environmental Fiscal Devaluation: A Cure for Spain in the Aftermath of the Great Recession?," WIFO Working Papers 476, WIFO.
    71. Klinger, Sabine & Weber, Enzo, 2014. "Decomposing Beveridge curve dynamics by correlated unobserved components: The impact of labour market reforms in Germany," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100499, Verein für Socialpolitik / German Economic Association.
    72. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Mösle, Saskia & Potjagailo, Galina, 2018. "Deutsche Konjunktur im Winter 2018 - Aufschwung stösst an Grenzen: Belebung nur temporär [German Economy Winter 2018 - Upswing stretched to its limits: Acceleration only temporary]," Kieler Konjunkturberichte 50, Kiel Institute for the World Economy (IfW Kiel).
    73. L. Matraeva & E. Vasiutina & S. Erokhin & O. Kaurova, 2018. "A Dynamic Model in the Labor Market: Reasons of Imbalances at the Transition Stage of the Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 206-217.
    74. Bradley, Jake & Kügler, Alice, 2019. "Labor market reforms: An evaluation of the Hartz policies in Germany," European Economic Review, Elsevier, vol. 113(C), pages 108-135.
    75. Gehrke, Britta & Lechthaler, Wolfgang & Merkl, Christian, 2017. "The German labor market in the Great Recession: Shocks and institutions," IAB-Discussion Paper 201714, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    76. Masuch, Klaus & Anderton, Robert & Setzer, Ralph & Benalal, Nicholai, 2018. "Structural policies in the euro area," Occasional Paper Series 210, European Central Bank.
    77. Peltonen, Juho, 2023. "Short-time work in search and matching models: Evidence from Germany during the Covid-19 crisis," MPRA Paper 119238, University Library of Munich, Germany.
    78. Wennberg, Karl & Stadin, Evelina & Bergström, Andreas, 2014. "How policy could handle workplace digitization," Ratio Working Papers 237, The Ratio Institute.
    79. Dechezlepretre, Antoine & Hemous, David & Olsen, Morten & Zanella, Carlo, 2020. "Automating labor: evidence from firm-level patent data," LSE Research Online Documents on Economics 108420, London School of Economics and Political Science, LSE Library.
    80. Michael U. Krause & Thomas A. Lubik, 2014. "Modeling Labor Markets in Macroeconomics: Search and Matching," Working Paper 14-19, Federal Reserve Bank of Richmond.
    81. Schäfer, Holger & Schmidt, Jörg, 2014. "Einstieg in Arbeit: Die Rolle der Arbeitsmarktregulierung. Gutachten im Auftrag der INSM," IW policy papers 15/2014, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    82. Schmöller, Michaela, 2019. "Stagnant Wages, Sectoral Misallocation and Slowing Productivity Growth," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203598, Verein für Socialpolitik / German Economic Association.
    83. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2014. "Mehr Vertrauen in Marktprozesse. Jahresgutachten 2014/15 [More confidence in market processes. Annual Report 2014/15]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201415.
    84. Moritz Kuhn & Philip Jung, 2015. "What hides behind the German labor market miracle? A macroeconomic analysis," 2015 Meeting Papers 614, Society for Economic Dynamics.
    85. Niklas Engbom & Ms. Enrica Detragiache & Ms. Faezeh Raei, 2015. "The German Labor Market Reforms and Post-Unemployment Earnings," IMF Working Papers 2015/162, International Monetary Fund.
    86. Enzo Weber, 2015. "The Labour Market in Germany: Reforms, Recession and Robustness," De Economist, Springer, vol. 163(4), pages 461-472, December.
    87. Boll, Christina & Boysen-Hogrefe, Jens & Wolf, André, 2017. "Wie viel Soziale Marktwirtschaft steckt in den Wahlprogrammen zur Bundestagswahl 2017?," HWWI Policy Papers 105, Hamburg Institute of International Economics (HWWI).
    88. Mr. Tom Krebs & Mr. Martin Scheffel, 2016. "Structural Reform in Germany," IMF Working Papers 2016/096, International Monetary Fund.
    89. Maria Laura Parisi & Enrico Marelli & Olga Demidova, 2015. "Labour Productivity of Young and Adult Temporary Workers and Youth Unemployment: a Cross-country Analysis," Discussion Papers 1_2015, CRISEI, University of Naples "Parthenope", Italy.
    90. Klinger, Sabine & Weber, Enzo, 2020. "GDP-employment decoupling in Germany," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 82-98.
    91. Stephan, Gaëtan & Lecumberry, Julien, 2015. "The German unemployment since the Hartz reforms: Permanent or transitory fall?," Economics Letters, Elsevier, vol. 136(C), pages 49-54.
    92. Sonja Avlijas & Anke Hassel & Bruno Palier, 2021. "Growth Strategies and Welfare Reforms in Europe," Post-Print hal-03380958, HAL.
    93. Schmöller, Michaela, 2019. "Stagnant wages, sectoral misallocation and slowing productivity growth," Bank of Finland Research Discussion Papers 8/2019, Bank of Finland.
    94. Gaëtan Stephan & Julien Lecumberry, 2015. "The German unemployment since the Hartz reforms: Permanent or transitory fall?," Post-Print halshs-01238494, HAL.
    95. Gartner, Hermann & Rothe, Thomas & Weber, Enzo, 2019. "The Quality-Weighted Matching Function: Did the German Labour Market Reforms Trade off Efficiency against Job Quality?," IAB-Discussion Paper 201924, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    96. Lea Immel, 2021. "The Impact of Labor Market Reforms on Income Inequality: Evidence from the German Hartz Reforms," ifo Working Paper Series 347, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    97. Herbert Walther, 2016. "Die Rekordarbeitslosigkeit als zentrale Herausforderung der Wirtschaftspolitik," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 42(1), pages 19-59.
    98. Wolfgang Nagl & Michael Weber, 2016. "Stuck in a trap? Long-term unemployment under two-tier unemployment compensation schemes," ifo Working Paper Series 231, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    99. Hochmuth, Brigitte & Moyen, Stephane & Stähler, Nikolai, 2019. "Labor market reforms, precautionary savings, and global imbalances," Discussion Papers 13/2019, Deutsche Bundesbank.
    100. Launov, Andrey & Wälde, Klaus, 2014. "Thumbscrews for Agencies or Individuals? How to reduce unemployment," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100558, Verein für Socialpolitik / German Economic Association.
    101. Schiman, Stefan & Klein, Mathias, 2019. "What accounts for the German Labor Market Miracle? A Macroeconomic Investigation," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203593, Verein für Socialpolitik / German Economic Association.
    102. Hutter, Christian & Weber, Enzo, 2021. "Labour market miracle, productivity debacle: Measuring the effects of skill-biased and skill-neutral technical change," Economic Modelling, Elsevier, vol. 102(C).
    103. Boeters, Stefan & Savard, Luc, 2013. "The Labor Market in Computable General Equilibrium Models," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1645-1718, Elsevier.
    104. Projektgruppe Gemeinschaftsdiagnose, 2010. "Economic Upswing in Germany - Major Decisions Facing Economic Policy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(20), pages 03-61, October.

  14. Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2011. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," NBER Working Papers 17714, National Bureau of Economic Research, Inc.

    Cited by:

    1. Moritz Kuhn & Sebastian Koehne, 2012. "Should unemployment insurance be asset-tested?," 2012 Meeting Papers 850, Society for Economic Dynamics.
    2. Shang, Longfei & Saffar, Walid, 2023. "Employment Protection and Household Mortgage Debt," Journal of Banking & Finance, Elsevier, vol. 149(C).
    3. Moritz Kuhn, 2017. "The Research Agenda: Moritz Kuhn on Understanding income and wealth inequality," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 18(1), April.
    4. Mark Huggett & Greg Kaplan, 2015. "How Large is the Stock Component of Human Capital?," NBER Working Papers 21238, National Bureau of Economic Research, Inc.
    5. Krueger, D. & Mitman, K. & Perri, F., 2016. "Macroeconomics and Household Heterogeneity," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 843-921, Elsevier.
    6. Tom Krebs & Moritz Kuhn & Mark Wright, 2016. "Insurance in human capital models with limited enforcement," CAMA Working Papers 2016-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    7. Yang, Guanyi & Casner, Ben, 2021. "How much does schooling disutility matter?," Research in Economics, Elsevier, vol. 75(1), pages 87-95.
    8. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen Effekte ausgewählter Reformvorschläge der Studie "Reforms, Investment and Growth: An Agenda for France, Germany and Europe"," Working Papers 16-04, University of Mannheim, Department of Economics.
    9. Benjamin S. Griffy, 2021. "Search And The Sources Of Life‐Cycle Inequality," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(4), pages 1321-1362, November.
    10. Kuhn, Moritz & Ploj, Gasper, 2020. "Job stability, earnings dynamics, and life-cycle savings," CEPR Discussion Papers 15460, C.E.P.R. Discussion Papers.
    11. Mohamed Mansour & Eric Kamwa, 2021. "Judges and the price of human life in the French Court System," Working Papers hal-03129639, HAL.
    12. Fang, H., 2016. "Insurance Markets for the Elderly," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 237-309, Elsevier.
    13. Rampini, Adriano A. & Viswanathan, S., 2018. "Financing Insurance," CEPR Discussion Papers 12855, C.E.P.R. Discussion Papers.
    14. Kuhn, Moritz & Krebs, Tom & Wright, Mark L.J., 2016. "Under-Insurance in Human Capital Models with Limited Enforcement," CEPR Discussion Papers 11612, C.E.P.R. Discussion Papers.

  15. Krebs, Tom & Scheffel, Martin, 2010. "A macroeconomic model for the evaluation of labor market reforms," ZEW Discussion Papers 10-050, ZEW - Leibniz Centre for European Economic Research.

    Cited by:

    1. van den Berg, Gerard J. & Kesternich, Iris & Müller, Gerrit & Siflinger, Bettina M., 2019. "Reciprocity and the Interaction between the Unemployed and the Caseworker," IZA Discussion Papers 12835, Institute of Labor Economics (IZA).
    2. Gabriel Felbermayr & Giammario Impullitti & Julien Prat, 2018. "Firm Dynamics and Residual Inequality in Open Economies," Journal of the European Economic Association, European Economic Association, vol. 16(5), pages 1476-1539.
    3. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    4. Gehrke, Britta & Lechthaler, Wolfgang & Merkl, Christian, 2018. "The German Labor Market during the Great Recession: Shocks and Institutions," IZA Discussion Papers 11858, Institute of Labor Economics (IZA).
    5. Busl, Claudia & Seymen, Atılım, 2013. "The German labour market reforms in a European context: A DSGE analysis," ZEW Discussion Papers 13-097, ZEW - Leibniz Centre for European Economic Research.
    6. Benjamin Hartung & Philip Jung & Moritz Kuhn, 2018. "What Hides Behind the German Labor Market Miracle? Unemployment Insurance Reforms and Labor Market Dynamics," CESifo Working Paper Series 7379, CESifo.
    7. Gadatsch, Niklas & Stähler, Nikolai & Weigert, Benjamin, 2016. "German labor market and fiscal reforms 1999–2008: Can they be blamed for intra-euro area imbalances?," Journal of Macroeconomics, Elsevier, vol. 50(C), pages 307-324.
    8. Steffen Elstner & Lars P. Feld & Christoph M. Schmidt, 2018. "The German Productivity Paradox - Facts and Explanations," CESifo Working Paper Series 7231, CESifo.
    9. Michael Stops, 2016. "Revisiting German labour market reform effects—a panel data analysis for occupational labour markets," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-43, December.
    10. Setzer, Ralph & Stieglitz, Moritz, 2019. "Firm-level employment, labour market reforms, and bank distress," Working Paper Series 2334, European Central Bank.
    11. Andrey Launov & Klaus Wälde, 2013. "Estimating Incentive And Welfare Effects Of Nonstationary Unemployment Benefits," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(4), pages 1159-1198, November.
    12. Beissinger, Thomas & Chusseau, Nathalie & Hellier, Joël, 2015. "Offshoring and labour market reforms: Modelling the German experience," Hohenheim Discussion Papers in Business, Economics and Social Sciences 04-2015, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    13. Tom Krebs & Martin Scheffel, 2016. "Labor Market Institutions and the Cost of Recessions," CESifo Working Paper Series 6262, CESifo.
    14. Hutter, Christian & Klinger, Sabine & Trenkler, Carsten & Weber, Enzo, 2019. "Which factors are behind Germany's labour market upswing?," IAB-Discussion Paper 201920, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    15. Christian Merkl & Timo Sauerbier, 2023. "Public Employment Agency Reform, Matching Efficiency, and German Unemployment," SOEPpapers on Multidisciplinary Panel Data Research 1185, DIW Berlin, The German Socio-Economic Panel (SOEP).
    16. Drechsel-Grau, Moritz, 2022. "Macroeconomic and Distributional Effects of Higher Minimum Wages," VfS Annual Conference 2022 (Basel): Big Data in Economics 264002, Verein für Socialpolitik / German Economic Association.
    17. Woodcock, Simon D., 2020. "The Effect of the Hartz Labor Market Reforms on Post-unemployment Wages, Sorting, and Matching," IZA Discussion Papers 13300, Institute of Labor Economics (IZA).
    18. Michael Bräuninger & Jochen Michaelis & Madlen Sode, 2013. "10 Jahre Hartz-Reformen," MAGKS Papers on Economics 201318, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    19. Bibek Adhikari & Mr. Romain A Duval & Bingjie Hu & Mr. Prakash Loungani, 2016. "Can Reform Waves Turn the Tide? Some Case Studies Using the Synthetic Control Method," IMF Working Papers 2016/171, International Monetary Fund.
    20. Paolo Brunori & Guido Neidhofer, 2020. "The Evolution of Inequality of Opportunity in Germany: A Machine Learning Approach," Working Papers 514, ECINEQ, Society for the Study of Economic Inequality.
    21. Launov, Andrey & Wälde, Klaus, 2016. "The employment effect of reforming a public employment agency," European Economic Review, Elsevier, vol. 84(C), pages 140-164.
    22. Karl Aiginger & Kurt Kratena & Margit Schratzenstaller & Teresa Weiss, 2014. "Moving Towards a New Growth Model. WWWforEurope Deliverable No. 3," WIFO Studies, WIFO, number 47247, April.
    23. Krebs, Tom & Scheffel, Martin, 2016. "Structural Reform in Germany," IZA Discussion Papers 9787, Institute of Labor Economics (IZA).
    24. Philip Jung & Anke Hassel & Robert Habeck & Matthias Knuth & Alexander Spermann & Hans Peter Grüner & Maximilian Joseph Blömer & Clemens Fuest & Andreas Peichl, 2019. "Proposed labor market reforms: Is Hartz IV still sustainable?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(06), pages 03-25, March.
    25. Rothe, Thomas & Wälde, Klaus, 2017. "Where did all the unemployed go? : Non-standard work in Germany after the Hartz reforms," IAB-Discussion Paper 201718, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    26. Christian Hutter & Francesco Carbonero & Sabine Klinger & Carsten Trenkler & Enzo Weber, 2022. "Which factors were behind Germany's labour market upswing? A data‐driven approach," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(5), pages 1052-1076, October.
    27. Hochmuth, Brigitte & Kohlbrecher, Britta & Merkl, Christian & Gartner, Hermann, 2019. "Hartz IV and the Decline of German Unemployment: A Macroeconomic Evaluation," IZA Discussion Papers 12260, Institute of Labor Economics (IZA).
    28. Krause, Michael U. & Uhlig, Harald, 2012. "Transitions in the German labor market: Structure and crisis," Journal of Monetary Economics, Elsevier, vol. 59(1), pages 64-79.
    29. Maia Güell & Cristina Lafuente & Manuel Sánchez & Hélène Turon, 2022. "So different yet so alike: micro and macro labour market outcomes in Germany and Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 147-169, May.
    30. Bihemo Kimasa & Leo Kaas, 2016. "Firm dynamics with frictional product and labor markets," 2016 Meeting Papers 1033, Society for Economic Dynamics.
    31. Ruppert, Kilian & Stähler, Nikolai, 2020. "Household savings, capital investments and public policies: What drives the German current account?," Discussion Papers 41/2020, Deutsche Bundesbank.
    32. Carrillo-Tudela, Carlos & Launov, Andrey & Robin, Jean-Marc, 2018. "The Fall in German Unemployment: A Flow Analysis," IZA Discussion Papers 11442, Institute of Labor Economics (IZA).
    33. Klinger, Sabine & Weber, Enzo, 2014. "Decomposing Beveridge curve dynamics by correlated unobserved components," University of Regensburg Working Papers in Business, Economics and Management Information Systems 480, University of Regensburg, Department of Economics.
    34. Denise Currie & Paul Teague, 2017. "The eurozone crisis, German hegemony and labour market reform in the GIPS countries," Industrial Relations Journal, Wiley Blackwell, vol. 48(2), pages 154-173, March.
    35. Seele, Stefanie & Burda, Michael, 2016. "No Role for the Hartz Reforms? Demand and Supply Factors in the German Labor Market, 1993-2014," VfS Annual Conference 2016 (Augsburg): Demographic Change 145650, Verein für Socialpolitik / German Economic Association.
    36. Aida Caldera Sánchez & Alain de Serres & Naomitsu Yashiro, 2016. "Reforming in a difficult macroeconomic context: A review of the issues and recent literature," OECD Economics Department Working Papers 1297, OECD Publishing.
    37. Moritz Drechsel-Grau & Andreas Peichl & Johannes Friedrich Schmieder & Kai D. Schmid & Hannes Walz & Stefanie Wolter, 2022. "Inequality and Income Dynamics in Germany," CESifo Working Paper Series 9605, CESifo.
    38. Magnus Reif, 2020. "Macroeconomics, Nonlinearities, and the Business Cycle," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 87.
    39. Maximilian Joseph Blömer & Clemens Fuest & Andreas Peichl, 2019. "Out of the low-income trap(!) – The ifo proposal for reforming the basic income support system," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(04), pages 34-43, February.
    40. Bauer, Anja & King, Ian Paul, 2016. "The Hartz Reforms, the German Miracle, and the Reallocation Puzzle," VfS Annual Conference 2016 (Augsburg): Demographic Change 145702, Verein für Socialpolitik / German Economic Association.
    41. Claudia Busl & Atilim Seymen, 2013. "(Spillover) Effects of Labour Market Reforms in Germany and France. WWWforEurope Working Paper No. 8," WIFO Studies, WIFO, number 46855, April.
    42. Norbert Berthold & Mustafa Coban, 2014. "Kombilöhne gegen Erwerbsarmut: Warum die USA erfolgreicher sind als Deutschland," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(2), pages 118-124, February.
    43. Scheffel, Martin, 2010. "Evaluation der Beschäftigungs- und Wohlfahrtseffekte der Hartz IV-Reform," ZEW Wachstums- und Konjunkturanalysen, ZEW - Leibniz Centre for European Economic Research, vol. 13(3), pages 10-11.
    44. Tatiana Didier & M. Ayhan Kose & Franziska Ohnsorge & Lei Sandy Ye, 2015. "Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?," Koç University-TUSIAD Economic Research Forum Working Papers 1529, Koc University-TUSIAD Economic Research Forum.
    45. Bauer, Anja & King, Ian, 2018. "The Hartz reforms, the German Miracle, and labor reallocation," European Economic Review, Elsevier, vol. 103(C), pages 1-17.
    46. Amélie Barbier-Gauchard & Francesco De Palma & Giuseppe Diana, 2013. "Why could Northern labor market flexibility save the eurozone ?," Working Papers of BETA 2013-09, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    47. Moritz Drechsel-Grau, 2023. "Employment and Reallocation Effects of Higher Minimum Wages," CESifo Working Paper Series 10412, CESifo.
    48. Hertweck, Matthias Sebastian & Sigrist, Oliver, 2013. "The Aggregate Effects of the Hartz Reforms in Germany," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79942, Verein für Socialpolitik / German Economic Association.
    49. Hassan Molana & Catia Montagna & George E. Onwordi, 2021. "De-Globalization, Welfare State Reforms and Labor Market Outcomes," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(4), pages 624-655, December.
    50. Povilas Lastauskas & Julius Stakenas, 2015. "Global Perspective on Structural Labour Market Reforms in Europe," Cambridge Working Papers in Economics 1534, Faculty of Economics, University of Cambridge.
    51. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen Effekte ausgewählter Reformvorschläge der Studie "Reforms, Investment and Growth: An Agenda for France, Germany and Europe"," Working Papers 16-04, University of Mannheim, Department of Economics.
    52. Klinger, Sabine & Rothe, Thomas & Weber, Enzo, 2013. "Makroökonomische Perspektive auf die Hartz-Reformen: Die Vorteile überwiegen (The Hartz reforms from a macroeconomic perspective: Positive effects predominate)," IAB-Kurzbericht 201311, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    53. Hamzeh Arabzadeh, 2016. "The political economy of twin deficits and wage setting centralization," LIDAM Discussion Papers IRES 2016017, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    54. Launov, Andrey & Wälde, Klaus, 2013. "Thumbscrews for Agencies or for Individuals? How to Reduce Unemployment," IZA Discussion Papers 7659, Institute of Labor Economics (IZA).
    55. Ruppert, Kilian & Stähler, Nikolai, 2022. "What drives the German current account? Household savings, capital investments and public policies," Economic Modelling, Elsevier, vol. 108(C).
    56. Yolanda F. Rebollo-Sanz & J. Ignacio García-Pérez, 2015. "Are Unemployment Benefits harmful to the stability of working careers? The case of Spain," Studies on the Spanish Economy eee2015-04, FEDEA.
    57. Hörnig, Lukas, 2023. "Regional employment effects of the Hartz-reforms," Ruhr Economic Papers 1033, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    58. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2015. "Zukunftsfähigkeit in den Mittelpunkt. Jahresgutachten 2015/16 [Focus on Future Viability. Annual Report 2015/16]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201516.
    59. Ruoff, Bea., 2016. "Labour market developments in Germany : tales of decency and stability," ILO Working Papers 994899913402676, International Labour Organization.
    60. Klinger, Sabine & Weber, Enzo, 2015. "GDP-Employment Decoupling and the Productivity Puzzle in Germany," University of Regensburg Working Papers in Business, Economics and Management Information Systems 485, University of Regensburg, Department of Economics.
    61. Ehrich, Malte & Munasib, Abdul & Roy, Devesh, 2018. "The Hartz reforms and the German labor force," European Journal of Political Economy, Elsevier, vol. 55(C), pages 284-300.
    62. Kraft, Kornelius & Lammers, Alexander, 2021. "The Effects of Reforming a Federal Employment Agency on Labor Demand," IZA Discussion Papers 14629, Institute of Labor Economics (IZA).
    63. Woodcock, Simon D., 2023. "The determinants of displaced workers’ wages: Sorting, matching, selection, and the Hartz reforms," Journal of Econometrics, Elsevier, vol. 233(2), pages 568-595.
    64. Thomas Beissinger & Nathalie Chusseau & Joël Hellier, 2016. "Offshoring and labour market reforms in Germany: Assessment and policy implications," Post-Print hal-01533541, HAL.
    65. Timo Bettendorf & Miguel A. León‐Ledesma, 2019. "German Wage Moderation and European Imbalances: Feeding the Global VAR with Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(2-3), pages 617-653, March.
    66. Carlos Carrillo-Tudela & Hermann Gartner & Leo Kaas, 2020. "Recruitment Policies, Job-Filling Rates and Matching Efficiency," CESifo Working Paper Series 8299, CESifo.
    67. Kanninen, Ohto & Böckerman, Petri & Suoniemi, Ilpo, 2022. "Income–well-being gradient in sickness and health," MPRA Paper 113269, University Library of Munich, Germany.
    68. Klinger, Sabine & Weber, Enzo, 2019. "GDP-Employment decoupling and the slow-down of productivity growth in Germany," IAB-Discussion Paper 201912, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    69. Christopher A. Pissarides, 2013. "Unemployment in the Great Recession," Economica, London School of Economics and Political Science, vol. 80(319), pages 385-403, July.
    70. Kurt Kratena & Mark Sommer, 2014. "Labour Market Policy and Environmental Fiscal Devaluation: A Cure for Spain in the Aftermath of the Great Recession?," WIFO Working Papers 476, WIFO.
    71. Klinger, Sabine & Weber, Enzo, 2014. "Decomposing Beveridge curve dynamics by correlated unobserved components: The impact of labour market reforms in Germany," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100499, Verein für Socialpolitik / German Economic Association.
    72. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Mösle, Saskia & Potjagailo, Galina, 2018. "Deutsche Konjunktur im Winter 2018 - Aufschwung stösst an Grenzen: Belebung nur temporär [German Economy Winter 2018 - Upswing stretched to its limits: Acceleration only temporary]," Kieler Konjunkturberichte 50, Kiel Institute for the World Economy (IfW Kiel).
    73. L. Matraeva & E. Vasiutina & S. Erokhin & O. Kaurova, 2018. "A Dynamic Model in the Labor Market: Reasons of Imbalances at the Transition Stage of the Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 206-217.
    74. Bradley, Jake & Kügler, Alice, 2019. "Labor market reforms: An evaluation of the Hartz policies in Germany," European Economic Review, Elsevier, vol. 113(C), pages 108-135.
    75. Gehrke, Britta & Lechthaler, Wolfgang & Merkl, Christian, 2017. "The German labor market in the Great Recession: Shocks and institutions," IAB-Discussion Paper 201714, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    76. Masuch, Klaus & Anderton, Robert & Setzer, Ralph & Benalal, Nicholai, 2018. "Structural policies in the euro area," Occasional Paper Series 210, European Central Bank.
    77. Peltonen, Juho, 2023. "Short-time work in search and matching models: Evidence from Germany during the Covid-19 crisis," MPRA Paper 119238, University Library of Munich, Germany.
    78. Wennberg, Karl & Stadin, Evelina & Bergström, Andreas, 2014. "How policy could handle workplace digitization," Ratio Working Papers 237, The Ratio Institute.
    79. Dechezlepretre, Antoine & Hemous, David & Olsen, Morten & Zanella, Carlo, 2020. "Automating labor: evidence from firm-level patent data," LSE Research Online Documents on Economics 108420, London School of Economics and Political Science, LSE Library.
    80. Michael U. Krause & Thomas A. Lubik, 2014. "Modeling Labor Markets in Macroeconomics: Search and Matching," Working Paper 14-19, Federal Reserve Bank of Richmond.
    81. Schäfer, Holger & Schmidt, Jörg, 2014. "Einstieg in Arbeit: Die Rolle der Arbeitsmarktregulierung. Gutachten im Auftrag der INSM," IW policy papers 15/2014, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    82. Schmöller, Michaela, 2019. "Stagnant Wages, Sectoral Misallocation and Slowing Productivity Growth," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203598, Verein für Socialpolitik / German Economic Association.
    83. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2014. "Mehr Vertrauen in Marktprozesse. Jahresgutachten 2014/15 [More confidence in market processes. Annual Report 2014/15]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201415.
    84. Moritz Kuhn & Philip Jung, 2015. "What hides behind the German labor market miracle? A macroeconomic analysis," 2015 Meeting Papers 614, Society for Economic Dynamics.
    85. Niklas Engbom & Ms. Enrica Detragiache & Ms. Faezeh Raei, 2015. "The German Labor Market Reforms and Post-Unemployment Earnings," IMF Working Papers 2015/162, International Monetary Fund.
    86. Enzo Weber, 2015. "The Labour Market in Germany: Reforms, Recession and Robustness," De Economist, Springer, vol. 163(4), pages 461-472, December.
    87. Boll, Christina & Boysen-Hogrefe, Jens & Wolf, André, 2017. "Wie viel Soziale Marktwirtschaft steckt in den Wahlprogrammen zur Bundestagswahl 2017?," HWWI Policy Papers 105, Hamburg Institute of International Economics (HWWI).
    88. Mr. Tom Krebs & Mr. Martin Scheffel, 2016. "Structural Reform in Germany," IMF Working Papers 2016/096, International Monetary Fund.
    89. Maria Laura Parisi & Enrico Marelli & Olga Demidova, 2015. "Labour Productivity of Young and Adult Temporary Workers and Youth Unemployment: a Cross-country Analysis," Discussion Papers 1_2015, CRISEI, University of Naples "Parthenope", Italy.
    90. Klinger, Sabine & Weber, Enzo, 2020. "GDP-employment decoupling in Germany," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 82-98.
    91. Stephan, Gaëtan & Lecumberry, Julien, 2015. "The German unemployment since the Hartz reforms: Permanent or transitory fall?," Economics Letters, Elsevier, vol. 136(C), pages 49-54.
    92. Sonja Avlijas & Anke Hassel & Bruno Palier, 2021. "Growth Strategies and Welfare Reforms in Europe," Post-Print hal-03380958, HAL.
    93. Schmöller, Michaela, 2019. "Stagnant wages, sectoral misallocation and slowing productivity growth," Bank of Finland Research Discussion Papers 8/2019, Bank of Finland.
    94. Gaëtan Stephan & Julien Lecumberry, 2015. "The German unemployment since the Hartz reforms: Permanent or transitory fall?," Post-Print halshs-01238494, HAL.
    95. Gartner, Hermann & Rothe, Thomas & Weber, Enzo, 2019. "The Quality-Weighted Matching Function: Did the German Labour Market Reforms Trade off Efficiency against Job Quality?," IAB-Discussion Paper 201924, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    96. Lea Immel, 2021. "The Impact of Labor Market Reforms on Income Inequality: Evidence from the German Hartz Reforms," ifo Working Paper Series 347, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    97. Herbert Walther, 2016. "Die Rekordarbeitslosigkeit als zentrale Herausforderung der Wirtschaftspolitik," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 42(1), pages 19-59.
    98. Wolfgang Nagl & Michael Weber, 2016. "Stuck in a trap? Long-term unemployment under two-tier unemployment compensation schemes," ifo Working Paper Series 231, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    99. Hochmuth, Brigitte & Moyen, Stephane & Stähler, Nikolai, 2019. "Labor market reforms, precautionary savings, and global imbalances," Discussion Papers 13/2019, Deutsche Bundesbank.
    100. Launov, Andrey & Wälde, Klaus, 2014. "Thumbscrews for Agencies or Individuals? How to reduce unemployment," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100558, Verein für Socialpolitik / German Economic Association.
    101. Schiman, Stefan & Klein, Mathias, 2019. "What accounts for the German Labor Market Miracle? A Macroeconomic Investigation," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203593, Verein für Socialpolitik / German Economic Association.
    102. Hutter, Christian & Weber, Enzo, 2021. "Labour market miracle, productivity debacle: Measuring the effects of skill-biased and skill-neutral technical change," Economic Modelling, Elsevier, vol. 102(C).
    103. Boeters, Stefan & Savard, Luc, 2013. "The Labor Market in Computable General Equilibrium Models," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 1645-1718, Elsevier.
    104. Projektgruppe Gemeinschaftsdiagnose, 2010. "Economic Upswing in Germany - Major Decisions Facing Economic Policy," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(20), pages 03-61, October.

  16. Tom Krebs, 2005. "Job Displacement Risk and the Cost of Business Cycles," 2005 Meeting Papers 188, Society for Economic Dynamics.

    Cited by:

    1. Jung, Philip & Kuhn, Moritz, 2012. "Earnings Losses and Labor Mobility over the Lifecycle," IZA Discussion Papers 6835, Institute of Labor Economics (IZA).
    2. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    3. Krebs, Tom & Krishna, Pravin & Maloney, William F., 2013. "Income Mobility and Welfare," Working Papers 13-02, University of Mannheim, Department of Economics.
    4. Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2019. "Cyclical income risk in Great Britain," CESifo Working Paper Series 7594, CESifo.
    5. Ricardo Reis & Alisdair McKay, 2015. "Optimal Automatic Stabilizers," 2015 Meeting Papers 608, Society for Economic Dynamics.
    6. Eleanor Jawon Choi & Jaewoo Choi & Hyelim Son, 2019. "The Long-Term Effects of Labor Market Entry in a Recession: Evidence from the Asian Financial Crisis," Upjohn Working Papers 19-312, W.E. Upjohn Institute for Employment Research.
    7. Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2017. "Asymmetries in Earnings, Employment and Wage Risk in Great Britain," CESifo Working Paper Series 6400, CESifo.
    8. Tom Krebs & Martin Scheffel, 2016. "Labor Market Institutions and the Cost of Recessions," CESifo Working Paper Series 6262, CESifo.
    9. Alisdair McKay & Ricardo Reis, 2018. "Countercyclical fiscal policy in a low r∗ world," 2018 Meeting Papers 621, Society for Economic Dynamics.
    10. YiLi Chien, 2014. "The cost of business cycles with heterogeneous trading technologies," Working Papers 2014-15, Federal Reserve Bank of St. Louis.
    11. Eunseong Ma & Daeha Cho, 2022. "The Heterogeneous Welfare Effects of Business Cycles," Working papers 2022rwp-204, Yonsei University, Yonsei Economics Research Institute.
    12. Pratap, Sangeeta & Quintin, Erwan, 2011. "Financial crises and labor market turbulence," Journal of Monetary Economics, Elsevier, vol. 58(6), pages 601-615.
    13. Eleanor J. Choi & Jaewoo Choi & Hyelim Son, 2020. "The Long-Term Effects of Labor Market Entry in a Recession: Evidence from the Asian Financial Crisis," Working Papers 637, Princeton University, Department of Economics, Industrial Relations Section..
    14. Moritz Kuhn, 2013. "Recursive Equilibria In An Aiyagari‐Style Economy With Permanent Income Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(3), pages 807-835, August.
    15. Krebs, Tom & Yao, Yao, 2016. "Labor Market Risk in Germany," IZA Discussion Papers 9869, Institute of Labor Economics (IZA).
    16. Jean-Olivier Hairault & François Langot & Sophie Osotimehin, 2010. "Matching frictions, unemployment dynamics and the cost of business cycles," Post-Print hal-00516832, HAL.
    17. Ricardo Reis, 2005. "The time-series properties of aggregate consumption: implications for the costs of fluctuations," Working Papers 134, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
    18. McKay, Alisdair, 2017. "Time-varying idiosyncratic risk and aggregate consumption dynamics," Journal of Monetary Economics, Elsevier, vol. 88(C), pages 1-14.
    19. D'Orlando, Fabio & Ferrante, Francesco, 2015. "The benefits of stabilization policies revisited," MPRA Paper 67321, University Library of Munich, Germany.
    20. Hoffmann, Eran B. & Malacrino, Davide, 2019. "Employment time and the cyclicality of earnings growth," Journal of Public Economics, Elsevier, vol. 169(C), pages 160-171.
    21. Danny Leung & Alexander Ueberfeldt, 2008. "Human Capital Risk and the Firmsize Wage Premium," Staff Working Papers 08-33, Bank of Canada.
    22. Sophie Osotimehin & François Langot & Jean-Olivier Hairault, 2009. "Unemployment dynamics and the cost of business cycles," 2009 Meeting Papers 492, Society for Economic Dynamics.
    23. Dionne, Georges & Li, Jingyuan, 2014. "When can expected utility handle first-order risk aversion?," Working Papers 11-1, HEC Montreal, Canada Research Chair in Risk Management.
    24. Andreas Mueller, 2014. "Separations, Sorting and Cyclical Unemployment," 2014 Meeting Papers 404, Society for Economic Dynamics.
    25. Bassanini, Andrea, 2012. "Aggregate Earnings and Macroeconomic Shocks: The Role of Labour Market Policies and Institutions," IZA Discussion Papers 6918, Institute of Labor Economics (IZA).
    26. Kempf, Alexander & Ruenzi, Stefan & Thiele, Tanja, 2008. "Employment risk, compensation incentives and managerial risk taking: Evidence from the mutual fund industry," CFR Working Papers 07-02, University of Cologne, Centre for Financial Research (CFR).
    27. Guido Ascari & Tiziano Ropele, 2010. "Disinflation in a DSGE Perspective: Sacrifice Ratio or Welfare Gain Ratio?," Quaderni di Dipartimento 111, University of Pavia, Department of Economics and Quantitative Methods.
    28. Roel Beetsma & Alessandro Bucciol, 2011. "Differentiating Indexation in Dutch Pension Funds," De Economist, Springer, vol. 159(3), pages 323-360, September.
    29. Mark Borgschulte & Paco Martorell, 2018. "Paying to Avoid Recession: Using Reenlistment to Estimate the Cost of Unemployment," American Economic Journal: Applied Economics, American Economic Association, vol. 10(3), pages 101-127, July.
    30. Jolan Mohimont, 2019. "Welfare effects of business cycles and monetary policies in a small open emerging economy," Working Paper Research 376, National Bank of Belgium.
    31. Mollerstrom, Johanna Britta & Laibson, David I. & Chauvin, Kyle, 2011. "Asset Bubbles and the Cost of Economic Fluctuations," Scholarly Articles 9938146, Harvard University Department of Economics.
    32. Harenberg, Daniel & Ludwig, Alexander, 2014. "Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk," MEA discussion paper series 201413, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    33. Romain Houssa, 2011. "Uncertainty about Welfare Effects of Consumption Fluctuations," Working Papers 1101, University of Namur, Department of Economics.
    34. Per Krusell & Toshihiko Mukoyama & Aysegul Sahin & Anthony A. Smith, Jr., 2009. "Revisiting the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 393-402, July.
    35. Krebs, Tom, 2022. "Economic consequences of a sudden stop of energy imports: The case of natural gas in Germany," ZEW Discussion Papers 22-021, ZEW - Leibniz Centre for European Economic Research, revised 2022.
    36. Philip Jung & Keith Kuester, 2008. "The (un)importance of unemployment fluctuations for welfare," Working Papers 08-31, Federal Reserve Bank of Philadelphia.
    37. Harenberg, Daniel & Ludwig, Alexander, 2017. "Idiosyncratic risk, aggregate risk, and the welfare effects of social security," SAFE Working Paper Series 59, Leibniz Institute for Financial Research SAFE, revised 2017.
    38. Jung, Philip & Kuester, Keith, 2011. "The (un)importance of unemployment fluctuations for the welfare cost of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1744-1768, October.
    39. Edouard Challe & Xavier Ragot, 2010. "Aggregate Consumption in Times of Crisis: The Role of Financial Frictions -super-1," CESifo Economic Studies, CESifo Group, vol. 56(4), pages 627-648, December.
    40. Olivier Charlot & Idriss Fontaine & Thepthida Sopraseuth, 2020. "Employment Fluctuations, Job Polarization and Non-Standard Work: Evidence from France and the US," Working Papers hal-02441207, HAL.
    41. Gail Pacheco & Alexander Plum, 2020. "When there is no way up: Reconsidering low-paid jobs as stepping stones," Working Papers 2020-08, Auckland University of Technology, Department of Economics.
    42. Cozzi, Marco & Fella, Giulio, 2016. "Job displacement risk and severance pay," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 166-181.
    43. Michael Reiter, 2013. "On The Welfare Costs Of Unemployment Fluctuations," 2013 Meeting Papers 962, Society for Economic Dynamics.
    44. Rudebusch, Glenn D. & Swanson, Eric T., 2008. "Examining the bond premium puzzle with a DSGE model," Journal of Monetary Economics, Elsevier, vol. 55(Supplemen), pages 111-126, October.
    45. Massimiliano De Santis, 2007. "Individual Consumption Risk and the Welfare Cost of Business Cycles," American Economic Review, American Economic Association, vol. 97(4), pages 1488-1506, September.
    46. Fernando Barros Jr & Francisco L Lima Filho & Diego M Silva, 2017. "The Welfare Cost of Business Cycles for Heterogeneous Consumers: A State-Space Decomposition," Economics Bulletin, AccessEcon, vol. 37(3), pages 1928-1941.
    47. Atif Mian & Amir Sufi, 2016. "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt," NBER Working Papers 22256, National Bureau of Economic Research, Inc.
    48. Ozan Bakis & Baris Kaymak, 2012. "On the Optimality of Progressive Income Redistribution," Cahiers de recherche 10-2012, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    49. Choi, Eleanor J. & Choi, Jaewoo & Son, Hyelim, 2020. "The Long-Term Effects of Labor Market Entry in a Recession: Evidence from the Asian Financial Crisis," IZA Discussion Papers 13009, Institute of Labor Economics (IZA).
    50. Tom Krebs, 2020. "Ein Investitionspaket ist das beste Konjunkturpaket," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(7), pages 497-500, July.
    51. Roel Beetsma & Alessandro Bucciol, 2011. "Risk Sharing in Defined-Contribution Funded Pension Systems," CESifo Working Paper Series 3640, CESifo.
    52. Konstantinos Angelopoulos & Spyridon Lazarakis & James Malley, 2022. "Cyclical labour income risk in Great Britain," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(1), pages 116-130, January.
    53. Ozan Bakis & Baris Kaymak & Markus Poschke, 2015. "Transitional Dynamics and the Optimal Progressivity of Income Redistribution," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(3), pages 679-693, July.
    54. Tirelli Mario & Turner Sergio, 2010. "Quantifying the Cost of Risk in Consumption," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 10(1), pages 1-33, July.
    55. NAKAJIMA Tomoyuki, 2009. "Optimal Monetary Policy with Imperfect Unemployment Insurance," Discussion papers 09014, Research Institute of Economy, Trade and Industry (RIETI).
    56. Tamas Papp & Alisdair McKay, 2012. "Accounting for idiosyncratic wage risk over the business cycle," 2012 Meeting Papers 820, Society for Economic Dynamics.
    57. Krebs, Tom & Krishna, Pravin & Maloney, William F., 2012. "Income risk, income mobility and welfare," Policy Research Working Paper Series 6254, The World Bank.
    58. Haomin Wang, 2018. "Intra-Household Risk Sharing and Job Search over the Business Cycle," Discussion Papers of DIW Berlin 1760, DIW Berlin, German Institute for Economic Research.
    59. Gokmen, Gunes & Morin, Annaig, 2021. "Investment shocks and inequality dynamics," Economic Modelling, Elsevier, vol. 94(C), pages 570-579.
    60. Daniel Harenberg & Alexander Ludwig, 2014. "Social Security and the Interactions Between Aggregate and Idiosyncratic Risk," Working Paper Series in Economics 71, University of Cologne, Department of Economics.
    61. Carlos Madeira & Leonardo Salazar, 2023. "The Impact of Monetary Policy on a Labor Market with Heterogeneous Workers: The Case of Chile," Working Papers Central Bank of Chile 980, Central Bank of Chile.
    62. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Quantitative Macroeconomics with Heterogeneous Households," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 319-354, May.
    63. Jang-Ok Cho & Thomas Cooley & Hyung Seok Kim, 2015. "Business Cycle Uncertainty and Economic Welfare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(2), pages 185-200, April.
    64. Haomin Wang, 2018. "Online Appendix to "Intra-Household Risk Sharing and Job Search over the Business Cycle"," Online Appendices 18-240, Review of Economic Dynamics.
    65. Kurt Mitman & Fabrizio Perri & Dirk Krueger, 2016. "On the Distribution of the Welfare Losses of Large Recessions," 2016 Meeting Papers 637, Society for Economic Dynamics.
    66. Alejandro Danon & Rafael Tessone & Milena Valens Upegui, 2023. "Financing in times of crisis: lessons from the impact assessment of Banco Provincia's working capital credit line during the pandemic," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(82), pages 77-97, November.
    67. Den Haan, Wouter & SedlÃ¡Ä ek, Petr, 2009. "Inefficient employment decisions, entry costs, and the cost of fluctuations," CEPR Discussion Papers 7468, C.E.P.R. Discussion Papers.
    68. Ensar Yılmaz, 2014. "Welfare Costs of Business Cycles in Turkey," Metroeconomica, Wiley Blackwell, vol. 65(2), pages 195-211, May.
    69. Bayer, Christian & Juessen, Falko, 2009. "The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison," IZA Discussion Papers 4402, Institute of Labor Economics (IZA).
    70. Richard Anton Braun & Tomoyuki Nakajima, 2009. "Optimal monetary policy when asset markets are incomplete," CIRJE F-Series CIRJE-F-679, CIRJE, Faculty of Economics, University of Tokyo.
    71. Seulki Chung, 2023. "Real-time Prediction of the Great Recession and the Covid-19 Recession," Papers 2310.08536, arXiv.org, revised Mar 2024.
    72. Raviv, Alon & Sisli-Ciamarra, Elif, 2013. "Executive compensation, risk taking and the state of the economy," Journal of Financial Stability, Elsevier, vol. 9(1), pages 55-68.
    73. Martin Ellison & Thomas J. Sargent, 2015. "Welfare Cost of Business Cycles with Idiosyncratic Consumption Risk and a Preference for Robustness," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(2), pages 40-57, April.
    74. Hryshko, Dmytro, 2014. "Correlated income shocks and excess smoothness of consumption," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 41-62.
    75. Marcelo A Mello & Christiano A Coelho, 2020. "Consumption, Leisure, and Cross-country Welfare Costs of Business Cycles," Economics Bulletin, AccessEcon, vol. 40(1), pages 61-76.
    76. Eran B. Hoffmann & Mr. Davide Malacrino, 2018. "Employment Time and the Cyclicality of Earnings Growth," IMF Working Papers 2018/115, International Monetary Fund.
    77. khan, sajawal, 2018. "Business Cycle Fluctuations: why are so undesirable?," MPRA Paper 93172, University Library of Munich, Germany, revised 12 Jan 2019.

  17. Tom Krebs & Pravin Krishna & William Maloney, 2004. "Trade Policy, Income Risk, and Welfare," Working Papers 2004-09, Brown University, Department of Economics.

    Cited by:

    1. Heathcote, Jonathan & Storesletten, Kjetil & Violante, Giovanni L., 2008. "Insurance and opportunities: A welfare analysis of labor market risk," Journal of Monetary Economics, Elsevier, vol. 55(3), pages 501-525, April.
    2. Illenin Kondo, 2017. "Trade-Induced Displacements and Local Labor Market Adjustments in the US," NBER Chapters, in: Trade and Labor Markets, National Bureau of Economic Research, Inc.
    3. M. Tariq Majeed & Ayesha Noreen, 2018. "Financial Development and Output Volatility: A Cross-Sectional Panel Data Analysis," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 23(1), pages 97-141, Jan-June.
    4. Krebs, Tom & Yao, Yao, 2016. "Labor Market Risk in Germany," IZA Discussion Papers 9869, Institute of Labor Economics (IZA).
    5. Vannoorenberghe, G., 2012. "Firm-level volatility and exports," Journal of International Economics, Elsevier, vol. 86(1), pages 57-67.
    6. Giuseppe Bertola, 2007. "Finance and Welfare States in Globalising Markets," RBA Annual Conference Volume (Discontinued), in: Christopher Kent & Jeremy Lawson (ed.),The Structure and Resilience of the Financial System, Reserve Bank of Australia.
    7. Magrini, Emiliano & Montalbano, Pierluigi & Winters, L. Alan, 2018. "Households’ vulnerability from trade in Vietnam," World Development, Elsevier, vol. 112(C), pages 46-58.
    8. Kai Daniel Schmid & Ulrike Stein, 2013. "Explaining Rising Income Inequality in Germany, 1991-2010," IMK Studies 32-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    9. Jan Hogrefe & Yao Yao, 2012. "Offshoring and Labor Income Risk: An Empirical Investigation," SOEPpapers on Multidisciplinary Panel Data Research 515, DIW Berlin, The German Socio-Economic Panel (SOEP).
    10. Krishna, Pravin & Levchenko, Andrei A., 2013. "Comparative advantage, complexity, and volatility," Journal of Economic Behavior & Organization, Elsevier, vol. 94(C), pages 314-329.
    11. San Vicente Portes, Luis, 2009. "On the distributional effects of trade policy: Dynamics of household saving and asset prices," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 944-970, August.
    12. Barbara Pfeffer, 2006. "Trade Policy and Risk Diversification," Volkswirtschaftliche Diskussionsbeiträge 126-06, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
    13. Julian di Giovanni & Andrei A. Levchenko, 2006. "Openness, Volatility and the Risk Content of Exports," 2006 Meeting Papers 86, Society for Economic Dynamics.
    14. Sethupathy, Guru, 2013. "Offshoring, wages, and employment: Theory and evidence," European Economic Review, Elsevier, vol. 62(C), pages 73-97.
    15. John Bosco Nnyanzi & Susan Kavuma & John Sseruyange & Aisha Nanyiti, 2022. "The manufacturing output effects of infrastructure development, liberalization and governance: evidence from Sub-Saharan Africa," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(2), pages 369-400, June.
    16. Feler, Leo & Senses, Mine Zeynep, 2016. "Trade Shocks and the Provision of Local Public Goods," IZA Discussion Papers 10231, Institute of Labor Economics (IZA).
    17. Bas, Maria & Bombarda, Pamela & Jean, Sébastien & Orefice, Gianluca, 2021. "Firms’ exports, volatility and skills: Evidence from France," European Economic Review, Elsevier, vol. 140(C).
    18. Storesletten, Kjetil & Violante, Giovanni & Heathcote, Jonathan, 2005. "Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion," CEPR Discussion Papers 5200, C.E.P.R. Discussion Papers.
    19. Hogrefe, Jan, 2012. "Führt Offshoring zu höherem Einkommensrisiko?," ZEW Wachstums- und Konjunkturanalysen, ZEW - Leibniz Centre for European Economic Research, vol. 15(2), pages 6-7.
    20. Giuseppe Bertola, 2010. "Inequality, integration, and policy: issues and evidence from EMU," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 8(3), pages 345-365, September.
    21. Julian di Giovanni & Andrei A. Levchenko, 2009. "Trade Openness and Volatility," The Review of Economics and Statistics, MIT Press, vol. 91(3), pages 558-585, August.
    22. Chima Igwe-Kalu & Barnabas Olusegun Obasaju, 2020. "Output Volatility in Nigeria: Does Financial Development Absorb Trade-Led Shocks?," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 10(2), pages 66-78.
    23. Kurz, Christopher & Senses, Mine Z., 2016. "Importing, exporting, and firm-level employment volatility," Journal of International Economics, Elsevier, vol. 98(C), pages 160-175.
    24. Hogrefe, Jan & Yao, Yao, 2012. "Offshoring and labor income risk," ZEW Discussion Papers 12-025, ZEW - Leibniz Centre for European Economic Research.
    25. Guillermo E. Perry & Omar S. Arias & J. Humberto López & William F. Maloney & Luis Servén, 2006. "Poverty Reduction and Growth : Virtuous and Vicious Circles," World Bank Publications - Books, The World Bank Group, number 6997, December.
    26. Mr. Daehaeng Kim & Chul-In Lee, 2007. "Government Size and Intersectoral Income Fluctuation: An International Panel Analysis," IMF Working Papers 2007/093, International Monetary Fund.
    27. Ursula Mello & Tomas Rodriguez Martinez, 2020. "Trade-induced local labor market shocks and asymmetrical labor income risk," Economics Working Papers 1764, Department of Economics and Business, Universitat Pompeu Fabra.
    28. Di Maio, Michele, 2006. "Uncertainty, trade integration and the optimal level of protection in a Ricardian model with a continuum of goods," MPRA Paper 4645, University Library of Munich, Germany.
    29. Arias, Omar & Blom, Andreas & Bosch, Mariano & Cunningham, Wendy & Fiszbein, Ariel & Lopez Acevedo, Gladys & Maloney, William & Saavedra, Jaime & Sanchez-Paramo, Carolina & Santamaria, Mauricio & Siga, 2005. "Pending issues in protection, productivity growth, and poverty reduction," Policy Research Working Paper Series 3799, The World Bank.
    30. Pinelopi Koujianou Goldberg & Nina Pavcnik, 2007. "Distributional Effects of Globalization in Developing Countries," Journal of Economic Literature, American Economic Association, vol. 45(1), pages 39-82, March.
    31. Pravin Krishna & Mine Zeynep Senses, 2009. "International Trade and Labor Income Risk in the United States," NBER Working Papers 14992, National Bureau of Economic Research, Inc.
    32. Runjuan Liu & Daniel Trefler, 2008. "Much Ado About Nothing: American Jobs and the Rise of Service Outsourcing to China and India," NBER Working Papers 14061, National Bureau of Economic Research, Inc.
    33. Abdul Rashid & M. Kabir Hassan & Hafsa Karamat, 2021. "Firm size and the interlinkages between sales volatility, exports, and financial stability of Pakistani manufacturing firms," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 111-134, March.
    34. Willmann, Gerald & Debaere, Peter & Glaser, Toni, 2015. "Choosing between Protectionism and Free Trade in an Uncertain World," CEPR Discussion Papers 10625, C.E.P.R. Discussion Papers.
    35. Benarroch, Michael & Pandey, Manish, 2008. "Trade openness and government size," Economics Letters, Elsevier, vol. 101(3), pages 157-159, December.
    36. Emiliano Magrini & Pierluigi Montalbano & L. Alan Winters, 2017. "Vulnerability from trade in Vietnam," Working Papers 12/17, Sapienza University of Rome, DISS.

  18. tom krebs, 2004. "welfare cost of business cycles when markets are incomplete," Econometric Society 2004 North American Summer Meetings 283, Econometric Society.

    Cited by:

    1. Jung, Philip & Kuhn, Moritz, 2012. "Earnings Losses and Labor Mobility over the Lifecycle," IZA Discussion Papers 6835, Institute of Labor Economics (IZA).
    2. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    3. Krebs, Tom & Krishna, Pravin & Maloney, William F., 2013. "Income Mobility and Welfare," Working Papers 13-02, University of Mannheim, Department of Economics.
    4. Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2019. "Cyclical income risk in Great Britain," CESifo Working Paper Series 7594, CESifo.
    5. Ricardo Reis & Alisdair McKay, 2015. "Optimal Automatic Stabilizers," 2015 Meeting Papers 608, Society for Economic Dynamics.
    6. Eleanor Jawon Choi & Jaewoo Choi & Hyelim Son, 2019. "The Long-Term Effects of Labor Market Entry in a Recession: Evidence from the Asian Financial Crisis," Upjohn Working Papers 19-312, W.E. Upjohn Institute for Employment Research.
    7. Konstantinos Angelopoulos & Spyridon Lazarakis & Jim Malley, 2017. "Asymmetries in Earnings, Employment and Wage Risk in Great Britain," CESifo Working Paper Series 6400, CESifo.
    8. Tom Krebs & Martin Scheffel, 2016. "Labor Market Institutions and the Cost of Recessions," CESifo Working Paper Series 6262, CESifo.
    9. Alisdair McKay & Ricardo Reis, 2018. "Countercyclical fiscal policy in a low r∗ world," 2018 Meeting Papers 621, Society for Economic Dynamics.
    10. YiLi Chien, 2014. "The cost of business cycles with heterogeneous trading technologies," Working Papers 2014-15, Federal Reserve Bank of St. Louis.
    11. Eunseong Ma & Daeha Cho, 2022. "The Heterogeneous Welfare Effects of Business Cycles," Working papers 2022rwp-204, Yonsei University, Yonsei Economics Research Institute.
    12. Pratap, Sangeeta & Quintin, Erwan, 2011. "Financial crises and labor market turbulence," Journal of Monetary Economics, Elsevier, vol. 58(6), pages 601-615.
    13. Eleanor J. Choi & Jaewoo Choi & Hyelim Son, 2020. "The Long-Term Effects of Labor Market Entry in a Recession: Evidence from the Asian Financial Crisis," Working Papers 637, Princeton University, Department of Economics, Industrial Relations Section..
    14. Moritz Kuhn, 2013. "Recursive Equilibria In An Aiyagari‐Style Economy With Permanent Income Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(3), pages 807-835, August.
    15. Krebs, Tom & Yao, Yao, 2016. "Labor Market Risk in Germany," IZA Discussion Papers 9869, Institute of Labor Economics (IZA).
    16. Jean-Olivier Hairault & François Langot & Sophie Osotimehin, 2010. "Matching frictions, unemployment dynamics and the cost of business cycles," Post-Print hal-00516832, HAL.
    17. McKay, Alisdair, 2017. "Time-varying idiosyncratic risk and aggregate consumption dynamics," Journal of Monetary Economics, Elsevier, vol. 88(C), pages 1-14.
    18. D'Orlando, Fabio & Ferrante, Francesco, 2015. "The benefits of stabilization policies revisited," MPRA Paper 67321, University Library of Munich, Germany.
    19. Hoffmann, Eran B. & Malacrino, Davide, 2019. "Employment time and the cyclicality of earnings growth," Journal of Public Economics, Elsevier, vol. 169(C), pages 160-171.
    20. Danny Leung & Alexander Ueberfeldt, 2008. "Human Capital Risk and the Firmsize Wage Premium," Staff Working Papers 08-33, Bank of Canada.
    21. Sophie Osotimehin & François Langot & Jean-Olivier Hairault, 2009. "Unemployment dynamics and the cost of business cycles," 2009 Meeting Papers 492, Society for Economic Dynamics.
    22. Dionne, Georges & Li, Jingyuan, 2014. "When can expected utility handle first-order risk aversion?," Working Papers 11-1, HEC Montreal, Canada Research Chair in Risk Management.
    23. Andreas Mueller, 2014. "Separations, Sorting and Cyclical Unemployment," 2014 Meeting Papers 404, Society for Economic Dynamics.
    24. Bassanini, Andrea, 2012. "Aggregate Earnings and Macroeconomic Shocks: The Role of Labour Market Policies and Institutions," IZA Discussion Papers 6918, Institute of Labor Economics (IZA).
    25. Kempf, Alexander & Ruenzi, Stefan & Thiele, Tanja, 2008. "Employment risk, compensation incentives and managerial risk taking: Evidence from the mutual fund industry," CFR Working Papers 07-02, University of Cologne, Centre for Financial Research (CFR).
    26. Guido Ascari & Tiziano Ropele, 2010. "Disinflation in a DSGE Perspective: Sacrifice Ratio or Welfare Gain Ratio?," Quaderni di Dipartimento 111, University of Pavia, Department of Economics and Quantitative Methods.
    27. Roel Beetsma & Alessandro Bucciol, 2011. "Differentiating Indexation in Dutch Pension Funds," De Economist, Springer, vol. 159(3), pages 323-360, September.
    28. Mark Borgschulte & Paco Martorell, 2018. "Paying to Avoid Recession: Using Reenlistment to Estimate the Cost of Unemployment," American Economic Journal: Applied Economics, American Economic Association, vol. 10(3), pages 101-127, July.
    29. Jolan Mohimont, 2019. "Welfare effects of business cycles and monetary policies in a small open emerging economy," Working Paper Research 376, National Bank of Belgium.
    30. Mollerstrom, Johanna Britta & Laibson, David I. & Chauvin, Kyle, 2011. "Asset Bubbles and the Cost of Economic Fluctuations," Scholarly Articles 9938146, Harvard University Department of Economics.
    31. Harenberg, Daniel & Ludwig, Alexander, 2014. "Social Security in an Analytically Tractable Overlapping Generations Model with Aggregate and Idiosyncratic Risk," MEA discussion paper series 201413, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    32. Romain Houssa, 2011. "Uncertainty about Welfare Effects of Consumption Fluctuations," Working Papers 1101, University of Namur, Department of Economics.
    33. James S. Costain & Michael Reiter, 2004. "Stabilization versus insurance: Welfare effects of procyclical taxation under incomplete markets," Economics Working Papers 890, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2005.
    34. Per Krusell & Toshihiko Mukoyama & Aysegul Sahin & Anthony A. Smith, Jr., 2009. "Revisiting the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 393-402, July.
    35. Krebs, Tom, 2022. "Economic consequences of a sudden stop of energy imports: The case of natural gas in Germany," ZEW Discussion Papers 22-021, ZEW - Leibniz Centre for European Economic Research, revised 2022.
    36. Philip Jung & Keith Kuester, 2008. "The (un)importance of unemployment fluctuations for welfare," Working Papers 08-31, Federal Reserve Bank of Philadelphia.
    37. Harenberg, Daniel & Ludwig, Alexander, 2017. "Idiosyncratic risk, aggregate risk, and the welfare effects of social security," SAFE Working Paper Series 59, Leibniz Institute for Financial Research SAFE, revised 2017.
    38. Jung, Philip & Kuester, Keith, 2011. "The (un)importance of unemployment fluctuations for the welfare cost of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1744-1768, October.
    39. Edouard Challe & Xavier Ragot, 2010. "Aggregate Consumption in Times of Crisis: The Role of Financial Frictions -super-1," CESifo Economic Studies, CESifo Group, vol. 56(4), pages 627-648, December.
    40. Olivier Charlot & Idriss Fontaine & Thepthida Sopraseuth, 2020. "Employment Fluctuations, Job Polarization and Non-Standard Work: Evidence from France and the US," Working Papers hal-02441207, HAL.
    41. Gail Pacheco & Alexander Plum, 2020. "When there is no way up: Reconsidering low-paid jobs as stepping stones," Working Papers 2020-08, Auckland University of Technology, Department of Economics.
    42. Cozzi, Marco & Fella, Giulio, 2016. "Job displacement risk and severance pay," Journal of Monetary Economics, Elsevier, vol. 84(C), pages 166-181.
    43. Michael Reiter, 2013. "On The Welfare Costs Of Unemployment Fluctuations," 2013 Meeting Papers 962, Society for Economic Dynamics.
    44. Rudebusch, Glenn D. & Swanson, Eric T., 2008. "Examining the bond premium puzzle with a DSGE model," Journal of Monetary Economics, Elsevier, vol. 55(Supplemen), pages 111-126, October.
    45. Massimiliano De Santis, 2007. "Individual Consumption Risk and the Welfare Cost of Business Cycles," American Economic Review, American Economic Association, vol. 97(4), pages 1488-1506, September.
    46. Fernando Barros Jr & Francisco L Lima Filho & Diego M Silva, 2017. "The Welfare Cost of Business Cycles for Heterogeneous Consumers: A State-Space Decomposition," Economics Bulletin, AccessEcon, vol. 37(3), pages 1928-1941.
    47. Atif Mian & Amir Sufi, 2016. "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt," NBER Working Papers 22256, National Bureau of Economic Research, Inc.
    48. Ozan Bakis & Baris Kaymak, 2012. "On the Optimality of Progressive Income Redistribution," Cahiers de recherche 10-2012, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
    49. Choi, Eleanor J. & Choi, Jaewoo & Son, Hyelim, 2020. "The Long-Term Effects of Labor Market Entry in a Recession: Evidence from the Asian Financial Crisis," IZA Discussion Papers 13009, Institute of Labor Economics (IZA).
    50. Tom Krebs, 2020. "Ein Investitionspaket ist das beste Konjunkturpaket," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(7), pages 497-500, July.
    51. Roel Beetsma & Alessandro Bucciol, 2011. "Risk Sharing in Defined-Contribution Funded Pension Systems," CESifo Working Paper Series 3640, CESifo.
    52. Konstantinos Angelopoulos & Spyridon Lazarakis & James Malley, 2022. "Cyclical labour income risk in Great Britain," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(1), pages 116-130, January.
    53. Ozan Bakis & Baris Kaymak & Markus Poschke, 2015. "Transitional Dynamics and the Optimal Progressivity of Income Redistribution," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(3), pages 679-693, July.
    54. Tirelli Mario & Turner Sergio, 2010. "Quantifying the Cost of Risk in Consumption," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 10(1), pages 1-33, July.
    55. NAKAJIMA Tomoyuki, 2009. "Optimal Monetary Policy with Imperfect Unemployment Insurance," Discussion papers 09014, Research Institute of Economy, Trade and Industry (RIETI).
    56. Tamas Papp & Alisdair McKay, 2012. "Accounting for idiosyncratic wage risk over the business cycle," 2012 Meeting Papers 820, Society for Economic Dynamics.
    57. Krebs, Tom & Krishna, Pravin & Maloney, William F., 2012. "Income risk, income mobility and welfare," Policy Research Working Paper Series 6254, The World Bank.
    58. Haomin Wang, 2018. "Intra-Household Risk Sharing and Job Search over the Business Cycle," Discussion Papers of DIW Berlin 1760, DIW Berlin, German Institute for Economic Research.
    59. Gokmen, Gunes & Morin, Annaig, 2021. "Investment shocks and inequality dynamics," Economic Modelling, Elsevier, vol. 94(C), pages 570-579.
    60. Daniel Harenberg & Alexander Ludwig, 2014. "Social Security and the Interactions Between Aggregate and Idiosyncratic Risk," Working Paper Series in Economics 71, University of Cologne, Department of Economics.
    61. Carlos Madeira & Leonardo Salazar, 2023. "The Impact of Monetary Policy on a Labor Market with Heterogeneous Workers: The Case of Chile," Working Papers Central Bank of Chile 980, Central Bank of Chile.
    62. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Quantitative Macroeconomics with Heterogeneous Households," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 319-354, May.
    63. Jang-Ok Cho & Thomas Cooley & Hyung Seok Kim, 2015. "Business Cycle Uncertainty and Economic Welfare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(2), pages 185-200, April.
    64. Haomin Wang, 2018. "Online Appendix to "Intra-Household Risk Sharing and Job Search over the Business Cycle"," Online Appendices 18-240, Review of Economic Dynamics.
    65. Kurt Mitman & Fabrizio Perri & Dirk Krueger, 2016. "On the Distribution of the Welfare Losses of Large Recessions," 2016 Meeting Papers 637, Society for Economic Dynamics.
    66. Massimiliano De Santis, 2005. "Interpreting Aggregate Stock Market Behavior: How Far Can the Standard Model Go?," Money Macro and Finance (MMF) Research Group Conference 2005 5, Money Macro and Finance Research Group.
    67. Alejandro Danon & Rafael Tessone & Milena Valens Upegui, 2023. "Financing in times of crisis: lessons from the impact assessment of Banco Provincia's working capital credit line during the pandemic," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(82), pages 77-97, November.
    68. Den Haan, Wouter & SedlÃ¡Ä ek, Petr, 2009. "Inefficient employment decisions, entry costs, and the cost of fluctuations," CEPR Discussion Papers 7468, C.E.P.R. Discussion Papers.
    69. Ensar Yılmaz, 2014. "Welfare Costs of Business Cycles in Turkey," Metroeconomica, Wiley Blackwell, vol. 65(2), pages 195-211, May.
    70. Bayer, Christian & Juessen, Falko, 2009. "The Life-Cycle and the Business-Cycle of Wage Risk: A Cross-Country Comparison," IZA Discussion Papers 4402, Institute of Labor Economics (IZA).
    71. De Santis Massimiliano, 2010. "Demystifying the Equity Premium," The B.E. Journal of Macroeconomics, De Gruyter, vol. 10(1), pages 1-33, May.
    72. Richard Anton Braun & Tomoyuki Nakajima, 2009. "Optimal monetary policy when asset markets are incomplete," CIRJE F-Series CIRJE-F-679, CIRJE, Faculty of Economics, University of Tokyo.
    73. Seulki Chung, 2023. "Real-time Prediction of the Great Recession and the Covid-19 Recession," Papers 2310.08536, arXiv.org, revised Mar 2024.
    74. Raviv, Alon & Sisli-Ciamarra, Elif, 2013. "Executive compensation, risk taking and the state of the economy," Journal of Financial Stability, Elsevier, vol. 9(1), pages 55-68.
    75. Martin Ellison & Thomas J. Sargent, 2015. "Welfare Cost of Business Cycles with Idiosyncratic Consumption Risk and a Preference for Robustness," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(2), pages 40-57, April.
    76. Hryshko, Dmytro, 2014. "Correlated income shocks and excess smoothness of consumption," Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 41-62.
    77. Marcelo A Mello & Christiano A Coelho, 2020. "Consumption, Leisure, and Cross-country Welfare Costs of Business Cycles," Economics Bulletin, AccessEcon, vol. 40(1), pages 61-76.
    78. Eran B. Hoffmann & Mr. Davide Malacrino, 2018. "Employment Time and the Cyclicality of Earnings Growth," IMF Working Papers 2018/115, International Monetary Fund.
    79. khan, sajawal, 2018. "Business Cycle Fluctuations: why are so undesirable?," MPRA Paper 93172, University Library of Munich, Germany, revised 12 Jan 2019.

  19. Tom Krebs, 2002. "Non-Existence of Recursive Equilibria on Compact State Spaces When Markets are Incomplete," Working Papers 2002-17, Brown University, Department of Economics.

    Cited by:

    1. Dumas, Bernard & Lyasoff, Andrew, 2009. "Incomplete-Market Equilibria Solved Recursively on an Event Tree," CEPR Discussion Papers 7138, C.E.P.R. Discussion Papers.
    2. Moritz Kuhn, 2013. "Recursive Equilibria In An Aiyagari‐Style Economy With Permanent Income Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 54(3), pages 807-835, August.
    3. Manuel S. Santos & Adrian Peralta-Alva, 2005. "Accuracy of Simulations for Stochastic Dynamic Models," Econometrica, Econometric Society, vol. 73(6), pages 1939-1976, November.
    4. Rodrigo Jardim Raad, 2016. "Recursive equilibrium with Price Perfect Foresight and a minimal state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(1), pages 1-54, January.
    5. Miao, Jianjun, 2006. "Competitive equilibria of economies with a continuum of consumers and aggregate shocks," Journal of Economic Theory, Elsevier, vol. 128(1), pages 274-298, May.
    6. Manjira Datta & Kevin L. Reffett, 2005. "Isotone Recursive Methods: the Case of Homogeneous Agents," Tinbergen Institute Discussion Papers 05-012/2, Tinbergen Institute.
    7. Zhigang Feng & Jianjun Miao & Adrian Peralta-Alva & Manuel S. Santos, 2009. "Numerical simulation of nonoptimal dynamic equilibrium models," Working Papers 2009-018, Federal Reserve Bank of St. Louis.
    8. Tom Krebs, 2006. "Recursive equilibrium in endogenous growth models with incomplete markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 505-523, November.
    9. Beker, Pablo & Subir Chattopadhyay, 2009. "Consumption Dynamics in General Equilibrium : A Characterisation when Markets are Incomplete," The Warwick Economics Research Paper Series (TWERPS) 921, University of Warwick, Department of Economics.
    10. Felix Kubler & Herakles Polemarchakis, 2004. "Stationary Markov equilibria for overlapping generations," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 24(3), pages 623-643, October.
    11. Ani Guerdjikova & John Quiggin, 2019. "Market Selection with Differential Financial Constraints," Working Papers hal-02005501, HAL.
    12. John Stachurski, 2009. "Economic Dynamics: Theory and Computation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262012774, December.
    13. Datta, Manjira & Mirman, Leonard J. & Morand, Olivier F. & Reffett, Kevin L., 2005. "Markovian equilibrium in infinite horizon economies with incomplete markets and public policy," Journal of Mathematical Economics, Elsevier, vol. 41(4-5), pages 505-544, August.
    14. Kam, Timothy & Lee, Junsang, 2014. "On stationary recursive equilibria and nondegenerate state spaces: The Huggett model," Journal of Mathematical Economics, Elsevier, vol. 50(C), pages 156-159.
    15. Pablo F. Beker & Subir Chattopadhyay, 2005. "Economic Survival when Markets are Incomplete," Levine's Working Paper Archive 784828000000000422, David K. Levine.
    16. Acikgoz, Omer, 2015. "On the Existence and Uniqueness of Stationary Equilibrium in Bewley Economies with Production," MPRA Paper 71066, University Library of Munich, Germany, revised 30 Apr 2016.
    17. Açıkgöz, Ömer T., 2018. "On the existence and uniqueness of stationary equilibrium in Bewley economies with production," Journal of Economic Theory, Elsevier, vol. 173(C), pages 18-55.
    18. Manuel Santos & Jianjun Miao, 2005. "Numerical Solution of Dynamic Non-Optimal Economies," 2005 Meeting Papers 266, Society for Economic Dynamics.
    19. Marina Azzimonti & Pierre Yared, 2018. "The Optimal Public and Private Provision of Safe Assets," NBER Working Papers 24534, National Bureau of Economic Research, Inc.
    20. Tom Krebs, 2003. "Growth and Welfare Effects of Business Cycles in Economies with Idiosyncratic Human Capital Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 846-868, October.

  20. Krebs, Tom & Maloney, William F., 1999. "Quitting and labor turnover : microeconomic evidence and macroeconomic consequences," Policy Research Working Paper Series 2068, The World Bank.

    Cited by:

    1. Temple, Jonathan & Satchi, Mathan, 2006. "Growth and Labour Markets in Developing Countries," CEPR Discussion Papers 5515, C.E.P.R. Discussion Papers.
    2. Mathan Satchi & Jonathan Temple, 2009. "Labor Markets and Productivity in Developing Countries," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(1), pages 183-204, January.
    3. Maloney, William, 2003. "Informality revisited," Policy Research Working Paper Series 2965, The World Bank.
    4. Maloney, William F., 1999. "Self-employment and labor turnover - cross-country evidence," Policy Research Working Paper Series 2102, The World Bank.

Articles

  1. Tom Krebs, 2020. "Ein Investitionspaket ist das beste Konjunkturpaket," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(7), pages 497-500, July.

    Cited by:

    1. Tom Krebs, 2021. "Klimaschutz und der moderne Staat: Ein Wasserstoffpaket fuer Deutschland," Working Papers 1, Forum New Economy.

  2. Tom Krebs & Pravin Krishna & William F Maloney, 2019. "Income Mobility, Income Risk, and Welfare," The World Bank Economic Review, World Bank, vol. 33(2), pages 375-393.
    See citations under working paper version above.
  3. Tom Krebs & Moritz Kuhn & Mark Wright, 2017. "Under-Insurance in Human Capital Models with Limited Enforcement," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 25, pages 121-150, April.
    See citations under working paper version above.
  4. Krebs Tom & Scheffel Martin, 2017. "Lohnende Investitionen," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 18(3), pages 245-262, October.

    Cited by:

    1. Friedhelm Pfeiffer & Holger Stichnoth, 2019. "Fiskalische und individuelle Nettoerträge und Renditen von Bildungsinvestitionen im jungen Erwachsenenalter," SOEPpapers on Multidisciplinary Panel Data Research 1022, DIW Berlin, The German Socio-Economic Panel (SOEP).

  5. Holger Zemanek & Jörg Krämer & Marco Wagner & Thieß Petersen & Tom Krebs & Martin Scheffel & Thomas Mayer & Steffen Elstner & Christoph M. Schmidt, 2016. "Geringes Wirtschaftswachstum und Abwärtstrend bei Investitionen: Wege aus der Wachstumsschwäche," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(22), pages 03-21, November.

    Cited by:

    1. Christian Enz, 2022. "Optimization potential in SME marketing communication in a Czech-German comparison," Economics Working Papers 2022-03, University of South Bohemia in Ceske Budejovice, Faculty of Economics.

  6. Tom Krebs & Moritz Kuhn & Mark L. J. Wright, 2015. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," American Economic Review, American Economic Association, vol. 105(11), pages 3223-3272, November.
    See citations under working paper version above.
  7. Tom Krebs & Martin Scheffel, 2013. "Macroeconomic Evaluation of Labor Market Reform in Germany," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(4), pages 664-701, December.
    See citations under working paper version above.
  8. Tom Krebs & Pravin Krishna & William Maloney, 2010. "Trade Policy, Income Risk, and Welfare," The Review of Economics and Statistics, MIT Press, vol. 92(3), pages 467-481, August.
    See citations under working paper version above.
  9. Tom Krebs, 2007. "Job Displacement Risk and the Cost of Business Cycles," American Economic Review, American Economic Association, vol. 97(3), pages 664-686, June.
    See citations under working paper version above.
  10. Krebs, Tom, 2007. "Rational expectations equilibrium and the strategic choice of costly information," Journal of Mathematical Economics, Elsevier, vol. 43(5), pages 532-548, June.

    Cited by:

    1. Robert S. Gibbons & Richard T. Holden & Michael L. Powell, 2010. "Rational-Expectations Equilibrium in Intermediate Good Markets," NBER Working Papers 15783, National Bureau of Economic Research, Inc.
    2. Vives, Xavier, 2014. "On the Possibility of Informationally Efficient Markets," IESE Research Papers D/1104, IESE Business School.
    3. Agnes Bialecki & Eleonore Haguet & Gabriel Turinici, 2014. "Existence of an Equilibrium for Lower Semicontinuous Information Acquisition Functions," Post-Print hal-00723189, HAL.
    4. Condie, Scott & Ganguli, Jayant, 2017. "The pricing effects of ambiguous private information," Journal of Economic Theory, Elsevier, vol. 172(C), pages 512-557.
    5. Matthias Blonski & Ulf Lilienfeld-Toal, 2023. "Moral hazard with excess returns," Mathematics and Financial Economics, Springer, volume 17, number 6, June.

  11. Tom Krebs, 2006. "Recursive equilibrium in endogenous growth models with incomplete markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 505-523, November.

    Cited by:

    1. Rodrigo Jardim Raad, 2016. "Recursive equilibrium with Price Perfect Foresight and a minimal state space," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(1), pages 1-54, January.
    2. Maximiliano Dvorkin, 2023. "Heterogeneous Agents Dynamic Spatial General Equilibrium," Working Papers 2023-005, Federal Reserve Bank of St. Louis.
    3. Gouin-Bonenfant, Emilien & Toda, Alexis Akira, 2018. "Pareto Extrapolation: Bridging Theoretical and Quantitative Models of Wealth Inequality," University of California at San Diego, Economics Working Paper Series qt90n2h2bb, Department of Economics, UC San Diego.
    4. Ma, Qingyin & Toda, Alexis Akira, 2021. "A theory of the saving rate of the rich," Journal of Economic Theory, Elsevier, vol. 192(C).
    5. François Le Grand & Xavier Ragot, 2018. "A Class of Tractable Incomplete-Market Models for Studying Asset Returns and Risk Exposure," Post-Print hal-03949545, HAL.
    6. Krueger, Dirk & Lustig, Hanno, 2010. "When is market incompleteness irrelevant for the price of aggregate risk (and when is it not)?," Journal of Economic Theory, Elsevier, vol. 145(1), pages 1-41, January.
    7. Hanno Lustig, "undated". "When is Market Incompleteness Irrelevant for the Price of Aggregate Risk (joint with Dirk Krueger, UPenn)," UCLA Economics Online Papers 380, UCLA Department of Economics.
    8. Tom Krebs & Martin Scheffel, 2013. "Macroeconomic Evaluation of Labor Market Reform in Germany," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(4), pages 664-701, December.
    9. Phelan, Gregory & Toda, Alexis Akira, 2019. "Securitized markets, international capital flows, and global welfare," Journal of Financial Economics, Elsevier, vol. 131(3), pages 571-592.
    10. Datta, Manjira & Mirman, Leonard J. & Morand, Olivier F. & Reffett, Kevin L., 2005. "Markovian equilibrium in infinite horizon economies with incomplete markets and public policy," Journal of Mathematical Economics, Elsevier, vol. 41(4-5), pages 505-544, August.
    11. Toda, Alexis Akira, 2019. "Wealth distribution with random discount factors," Journal of Monetary Economics, Elsevier, vol. 104(C), pages 101-113.
    12. Krebs, Tom & Scheffel, Martin, 2022. "Optimal Allocations in Growth Models with Private Information," IZA Discussion Papers 15650, Institute of Labor Economics (IZA).
    13. Krueger, Dirk & Lustig, Hanno, 2006. "The Irrelevance of Market Incompleteness for the Price of Aggregate Risk," CEPR Discussion Papers 5936, C.E.P.R. Discussion Papers.
    14. Toda, Alexis Akira, 2014. "Incomplete market dynamics and cross-sectional distributions," Journal of Economic Theory, Elsevier, vol. 154(C), pages 310-348.
    15. Alexis Akira Toda, 2015. "Asset Prices and Efficiency in a Krebs Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(4), pages 957-978, October.

  12. Tom Krebs, 2006. "Multi-Dimensional Risk and the Cost of Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(4), pages 640-658, October.

    Cited by:

    1. Per Krusell & Toshihiko Mukoyama & Aysegul Sahin & Anthony A. Smith, Jr., 2009. "Revisiting the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 393-402, July.
    2. Merlin, Giovanni Tondin, 2018. "Entrepreneurship, financial frictions and the welfare gains of business cycles," Textos para discussão 484, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    3. Sahin, Aysegul & Mukoyama, Toshihiko, 2009. "Labor-Market Matching with Precautionary Savings and Aggregate Fluctuations," CEPR Discussion Papers 7429, C.E.P.R. Discussion Papers.

  13. Krebs, Tom, 2005. "Fundamentals, information, and international capital flows: A welfare analysis," European Economic Review, Elsevier, vol. 49(3), pages 579-598, April.

    Cited by:

    1. Broll, Udo & Eckwert, Bernhard, 2009. "Modelling information and hedging: The exporting firm," Economic Modelling, Elsevier, vol. 26(5), pages 974-977, September.
    2. Broll, Udo & Eckwert, Bernhard & Wong, Kit Pong, 2010. "International trade and the role of market transparency," Dresden Discussion Paper Series in Economics 08/10, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    3. Broll, Udo & Eckwert, Bernhard, 2011. "Information value, export and hedging," Dresden Discussion Paper Series in Economics 03/11, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    4. Broll, Udo & Eckwert, Bernhard, 2009. "Modelling information and hedging: the exporting firm," Dresden Discussion Paper Series in Economics 02/09, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    5. Udo Broll & Bernhard Eckwert & Kit Pong Wong, 2014. "Transparency and Risk Sharing in International Trade," Manchester School, University of Manchester, vol. 82(6), pages 716-731, December.
    6. Udo Broll & Bernhard Eckwert & Keith K. P. Wong, 2019. "Market transparency and international allocation of capital," Asia-Pacific Journal of Regional Science, Springer, vol. 3(2), pages 421-429, June.

  14. Krebs, Tom, 2004. "Testable implications of consumption-based asset pricing models with incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 40(1-2), pages 191-206, February.

    Cited by:

    1. Tom Krebs & Pravin Krishna & William Maloney, 2010. "Trade Policy, Income Risk, and Welfare," The Review of Economics and Statistics, MIT Press, vol. 92(3), pages 467-481, August.
    2. Andrés Carvajal, 2003. "Testable Restrictions On The Equilibrium Manifold Under Random Preferences," Borradores de Economia 1899, Banco de la Republica.
    3. Carvajal, Andres & Ray, Indrajit & Snyder, Susan, 2004. "Equilibrium behavior in markets and games: testable restrictions and identification," Journal of Mathematical Economics, Elsevier, vol. 40(1-2), pages 1-40, February.
    4. Geoffrey J. Warren, 2008. "Implications for Asset Pricing Puzzles of a Roll‐over Assumption for the Risk‐Free Asset," International Review of Finance, International Review of Finance Ltd., vol. 8(3‐4), pages 125-157, September.
    5. Tom Krebs, 2004. "Welfare Cost of Business Cycles When Markets Are Incomplete," Working Papers 2004-08, Brown University, Department of Economics.
    6. Faruk Gul & Wolfgang Pesendorfer & Tomasz Strzalecki, "undated". "Coarse Competitive Equilibrium and Extreme Prices," Working Paper 8365, Harvard University OpenScholar.
    7. Beker, Pablo & Subir Chattopadhyay, 2009. "Consumption Dynamics in General Equilibrium : A Characterisation when Markets are Incomplete," The Warwick Economics Research Paper Series (TWERPS) 921, University of Warwick, Department of Economics.
    8. Krebs, Tom & Wilson, Bonnie, 2004. "Asset returns in an endogenous growth model with incomplete markets," Journal of Economic Dynamics and Control, Elsevier, vol. 28(4), pages 817-839, January.
    9. Pablo F. Beker & Subir Chattopadhyay, 2005. "Economic Survival when Markets are Incomplete," Levine's Working Paper Archive 784828000000000422, David K. Levine.
    10. Pravin Krishna & Mine Zeynep Senses, 2009. "International Trade and Labor Income Risk in the United States," NBER Working Papers 14992, National Bureau of Economic Research, Inc.
    11. Tom Krebs, 2005. "Job Displacement Risk and the Cost of Business Cycles," 2005 Meeting Papers 188, Society for Economic Dynamics.
    12. Tom Krebs, 2006. "Multi-Dimensional Risk and the Cost of Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(4), pages 640-658, October.

  15. Krebs, Tom, 2004. "Non-existence of recursive equilibria on compact state spaces when markets are incomplete," Journal of Economic Theory, Elsevier, vol. 115(1), pages 134-150, March.
    See citations under working paper version above.
  16. Krebs, Tom & Wilson, Bonnie, 2004. "Asset returns in an endogenous growth model with incomplete markets," Journal of Economic Dynamics and Control, Elsevier, vol. 28(4), pages 817-839, January.

    Cited by:

    1. Jang Ok Cho & Hyo-Youn Chu & Hyung Seok E. Kim & Jaywon Lee, 2016. "Productivity Distribution and Economic Growth," Korean Economic Review, Korean Economic Association, vol. 32, pages 23-40.
    2. Marcelo Bianconi, 2004. "The Welfare Gains from Stabilization in a Stochastically Growing Economy with Idiosyncratic Shocks and Flexible Labor Supply," Discussion Papers Series, Department of Economics, Tufts University 0413, Department of Economics, Tufts University.
    3. Geppert, Christian & Ludwig, Alexander & Abiry, Raphael, 2016. "Secular stagnation? Growth, asset returns and welfare in the next decades: First results," SAFE Working Paper Series 145, Leibniz Institute for Financial Research SAFE.
    4. Zhigang Feng & Jianjun Miao & Adrian Peralta-Alva & Manuel S. Santos, 2009. "Numerical simulation of nonoptimal dynamic equilibrium models," Working Papers 2009-018, Federal Reserve Bank of St. Louis.
    5. Wilson, Bonnie, 2004. "Diversification Of Risk And Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 8(3), pages 335-361, June.
    6. Toda, Alexis Akira & Walsh, Kieran James, 2016. "Fat Tails and Spurious Estimation of Consumption-Based Asset Pricing Models," MPRA Paper 78980, University Library of Munich, Germany.
    7. Geoffrey J. Warren, 2008. "Implications for Asset Pricing Puzzles of a Roll‐over Assumption for the Risk‐Free Asset," International Review of Finance, International Review of Finance Ltd., vol. 8(3‐4), pages 125-157, September.
    8. Harenberg, Daniel, 2018. "Asset pricing in OLG economies with borrowing constraints and idiosyncratic income risk," SAFE Working Paper Series 229, Leibniz Institute for Financial Research SAFE.
    9. Manuel Santos & Jianjun Miao, 2005. "Numerical Solution of Dynamic Non-Optimal Economies," 2005 Meeting Papers 266, Society for Economic Dynamics.
    10. Eva Carceles-Poveda, 2009. "Asset Prices and Business Cycles under Market Incompleteness," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 405-422, July.
    11. Ivan Sutoris, 2018. "Asset Prices in a Production Economy with Long Run and Idiosyncratic Risk," CERGE-EI Working Papers wp620, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    12. Tom Krebs, 2003. "Growth and Welfare Effects of Business Cycles in Economies with Idiosyncratic Human Capital Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 846-868, October.
    13. Ludwig, Alexander & Geppert, Christian & Abiry, Raphael, 2016. "Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades," VfS Annual Conference 2016 (Augsburg): Demographic Change 145764, Verein für Socialpolitik / German Economic Association.

  17. Tom Krebs, 2003. "Growth and Welfare Effects of Business Cycles in Economies with Idiosyncratic Human Capital Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 846-868, October.

    Cited by:

    1. Eleni Iliopulos & François Langot & Thepthida Sopraseuth, 2019. "Welfare Cost of Fluctuations When Labor Market Search Interacts with Financial Frictions," PSE-Ecole d'économie de Paris (Postprint) hal-03970668, HAL.
    2. Barbara Annicchiarico & Alessandra Pelloni & Lorenza Rossi, 2011. "Endogenous Growth, Monetary Shocks and Nominal Rigidities," CEIS Research Paper 187, Tor Vergata University, CEIS, revised 08 Mar 2011.
    3. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    4. Xavier Ragot, 2020. "The welfare cost of inflation risk under imperfect insurance," Post-Print hal-03100871, HAL.
    5. Christoph Priesmeier & Nikolai Stähler, 2011. "Long Dark Shadows Or Innovative Spirits? The Effects Of (Smoothing) Business Cycles On Economic Growth: A Survey Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 25(5), pages 898-912, December.
    6. Ricardo Reis & Alisdair McKay, 2015. "Optimal Automatic Stabilizers," 2015 Meeting Papers 608, Society for Economic Dynamics.
    7. Yann Algan & Olivier Allais & Edouard Challe & Xavier Ragot, 2012. "Monetary Shocks Under Incomplete Markets," Working Papers hal-01169658, HAL.
    8. Tom Krebs & Martin Scheffel, 2016. "Labor Market Institutions and the Cost of Recessions," CESifo Working Paper Series 6262, CESifo.
    9. Tom Krebs & Pravin Krishna & William Maloney, 2010. "Trade Policy, Income Risk, and Welfare," The Review of Economics and Statistics, MIT Press, vol. 92(3), pages 467-481, August.
    10. Duc Hong Vo & Son Van Huynh & Anh The Vo & Dao Thi-Thieu Ha, 2019. "The Importance of the Financial Derivatives Markets to Economic Development in the World’s Four Major Economies," JRFM, MDPI, vol. 12(1), pages 1-18, February.
    11. Alisdair McKay & Ricardo Reis, 2018. "Countercyclical fiscal policy in a low r∗ world," 2018 Meeting Papers 621, Society for Economic Dynamics.
    12. Heathcote, Jonathan & Storesletten, Kjetil & Violante, Giovanni L., 2008. "Insurance and opportunities: A welfare analysis of labor market risk," Journal of Monetary Economics, Elsevier, vol. 55(3), pages 501-525, April.
    13. Karabarbounis, Loukas & Boerma, Job, 2019. "Inferring Inequality with Home Production," CEPR Discussion Papers 13554, C.E.P.R. Discussion Papers.
    14. Ricardo Reis, 2005. "The time-series properties of aggregate consumption: implications for the costs of fluctuations," Working Papers 134, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
    15. Robert E. Lucas Jr., 2003. "Macroeconomic Priorities," American Economic Review, American Economic Association, vol. 93(1), pages 1-14, March.
    16. McKay, Alisdair, 2017. "Time-varying idiosyncratic risk and aggregate consumption dynamics," Journal of Monetary Economics, Elsevier, vol. 88(C), pages 1-14.
    17. R. Anton Braun & Tomoyuki Nakajima, 2011. "Making the case for a low intertemporal elasticity of substitution," FRB Atlanta Working Paper 2011-13, Federal Reserve Bank of Atlanta.
    18. Mordecai Kurz, 2005. "Measuring the Ex-Ante Social Cost of Aggregate Volatility," Discussion Papers 04-006, Stanford Institute for Economic Policy Research.
    19. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Consumption and labor supply with partial insurance: an analytical framework," Staff Report 432, Federal Reserve Bank of Minneapolis.
    20. Wang, Peng-fei & Wen, Yi, 2011. "Volatility, growth, and welfare," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1696-1709, October.
    21. Marcelo Bianconi, 2004. "The Welfare Gains from Stabilization in a Stochastically Growing Economy with Idiosyncratic Shocks and Flexible Labor Supply," Discussion Papers Series, Department of Economics, Tufts University 0413, Department of Economics, Tufts University.
    22. Gadi Barlevy & Daniel Tsiddon, 2004. "Earnings inequality and the business cycle," Working Paper Series WP-04-08, Federal Reserve Bank of Chicago.
    23. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    24. Chatterjee, Satyajit & Corbae, Dean, 2007. "On the aggregate welfare cost of Great Depression unemployment," Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1529-1544, September.
    25. James S. Costain & Michael Reiter, 2004. "Stabilization versus insurance: Welfare effects of procyclical taxation under incomplete markets," Economics Working Papers 890, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2005.
    26. Olaf Posch & Klaus Wälde, 2006. "Natural volatility, welfare and taxation," Working Papers 2007_33, Business School - Economics, University of Glasgow.
    27. R. Anton Braun & Tomoyuki Nakajima, 2011. "Uninsured countercyclical risk: an aggregation result and application to optimal monetary policy," FRB Atlanta Working Paper 2011-04, Federal Reserve Bank of Atlanta.
    28. Satyajit Chatterjee & Dean Corbae, 2003. "On the welfare gains of eliminating a small likelihood of economic crises: A case for stabilization policies?," Working Papers 03-20, Federal Reserve Bank of Philadelphia.
    29. Kjetil Storesletten & Chris I. Telmer & Amir Yaron, 2004. "Cyclical Dynamics in Idiosyncratic Labor Market Risk," Journal of Political Economy, University of Chicago Press, vol. 112(3), pages 695-717, June.
    30. Per Krusell & Toshihiko Mukoyama & Aysegul Sahin & Anthony A. Smith, Jr., 2009. "Revisiting the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 393-402, July.
    31. Yi Wen, 2013. "Liquidity and Welfare," 2013 Meeting Papers 204, Society for Economic Dynamics.
    32. Bruno Ćorić & Vladimir Šimić, 2021. "Economic disasters and aggregate investment," Empirical Economics, Springer, vol. 61(6), pages 3087-3124, December.
    33. Tom Krebs, 2004. "Welfare Cost of Business Cycles When Markets Are Incomplete," Working Papers 2004-08, Brown University, Department of Economics.
    34. Philip Jung & Keith Kuester, 2008. "The (un)importance of unemployment fluctuations for welfare," Working Papers 08-31, Federal Reserve Bank of Philadelphia.
    35. Nakajima, Tomoyuki, 2005. "A business cycle model with variable capacity utilization and demand disturbances," European Economic Review, Elsevier, vol. 49(5), pages 1331-1360, July.
    36. Jung, Philip & Kuester, Keith, 2011. "The (un)importance of unemployment fluctuations for the welfare cost of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1744-1768, October.
    37. Kremer, Jana & Stähler, Nikolai, 2013. "Structural and cyclical effects of tax progression," Discussion Papers 15/2013, Deutsche Bundesbank.
    38. Hans Gersbach & Jean-Charles Rochet & Martin Scheffel, 2022. "Financial Intermediation, Capital Accumulation, and Crisis Recovery," Post-Print hal-04074448, HAL.
    39. Barbara Annicchiarico & Alessandra Pelloni & Fabrizio Valenti, 2016. "Volatility and Growth with Recursive Preferences," Working Paper series 16-05, Rimini Centre for Economic Analysis.
    40. Stéphane Pallage & Michel A. Robe & Catherine Bérubé, 2004. "On the Potential of Foreign Aid as Insurance," Cahiers de recherche 0404, CIRPEE.
    41. Audrey Desbonnet & Sumudu Kankanamge, 2008. "Public debt and aggregate risk," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00175877, HAL.
    42. Carvajal, Andrés & Polemarchakis, Herakles, 2011. "Idiosyncratic risk and financial policy," Journal of Economic Theory, Elsevier, vol. 146(4), pages 1569-1597, July.
    43. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen Effekte ausgewählter Reformvorschläge der Studie "Reforms, Investment and Growth: An Agenda for France, Germany and Europe"," Working Papers 16-04, University of Mannheim, Department of Economics.
    44. Massimiliano De Santis, 2007. "Individual Consumption Risk and the Welfare Cost of Business Cycles," American Economic Review, American Economic Association, vol. 97(4), pages 1488-1506, September.
    45. Fernando Barros Jr & Francisco L Lima Filho & Diego M Silva, 2017. "The Welfare Cost of Business Cycles for Heterogeneous Consumers: A State-Space Decomposition," Economics Bulletin, AccessEcon, vol. 37(3), pages 1928-1941.
    46. Guillermo E. Perry & Omar S. Arias & J. Humberto López & William F. Maloney & Luis Servén, 2006. "Poverty Reduction and Growth : Virtuous and Vicious Circles," World Bank Publications - Books, The World Bank Group, number 6997, December.
    47. Colleen Carey & Stephen H. Shore, 2013. "From the Peaks to the Valleys: Cross-State Evidence on Income Volatility over the Business Cycle," The Review of Economics and Statistics, MIT Press, vol. 95(2), pages 549-562, May.
    48. Tsutomu Miyagawa & Yukie Sakuragawa & Miho Takizawa, 2005. "Productivity and the Business Cycle in Japan -Evidence from Japanese Industry Data -," Discussion papers 05022, Research Institute of Economy, Trade and Industry (RIETI).
    49. Clemens, Christiane & Heinemann, Maik, 2015. "Endogenous growth and wealth inequality under incomplete markets and idiosyncratic risk," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 300-317.
    50. Tirelli Mario & Turner Sergio, 2010. "Quantifying the Cost of Risk in Consumption," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 10(1), pages 1-33, July.
    51. Tamas Papp & Alisdair McKay, 2012. "Accounting for idiosyncratic wage risk over the business cycle," 2012 Meeting Papers 820, Society for Economic Dynamics.
    52. Heiberger, Christopher & Maußner, Alfred, 2020. "Perturbation solution and welfare costs of business cycles in DSGE models," Journal of Economic Dynamics and Control, Elsevier, vol. 113(C).
    53. Gadi Barlevy, 2004. "The Cost of Business Cycles and the Benefits of Stabilization: A Survey," NBER Working Papers 10926, National Bureau of Economic Research, Inc.
    54. Junnan Liu & Tong Chen & Yulan Song, 2022. "Coupling Coordination and Interactivity between Farmland Transfer and Rural Financial Development: Evidence from Western China," Sustainability, MDPI, vol. 14(24), pages 1-28, December.
    55. Carlos Madeira & Leonardo Salazar, 2023. "The Impact of Monetary Policy on a Labor Market with Heterogeneous Workers: The Case of Chile," Working Papers Central Bank of Chile 980, Central Bank of Chile.
    56. Jang-Ok Cho & Thomas Cooley & Hyung Seok Kim, 2015. "Business Cycle Uncertainty and Economic Welfare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(2), pages 185-200, April.
    57. Tom Krebs, 2005. "Job Displacement Risk and the Cost of Business Cycles," 2005 Meeting Papers 188, Society for Economic Dynamics.
    58. Christopher Heiberger & Alfred Maussner, 2018. "Business Cycle Uncertainty and Economic Welfare Revisited," Discussion Paper Series 335, Universitaet Augsburg, Institute for Economics.
    59. Wulff, Alexander & Heinemann, Maik, 2015. "Idiosyncratic Risk, Borrowing Constraints and Financial Integration - A Discussion of Ambiguous Results," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113165, Verein für Socialpolitik / German Economic Association.
    60. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen und fiskalischen Effekte ausgewählter Infrastruktur- und Bildungsinvestitionen in Deutschland," Working Papers 16-13, University of Mannheim, Department of Economics.
    61. Toda, Alexis Akira, 2014. "Incomplete market dynamics and cross-sectional distributions," Journal of Economic Theory, Elsevier, vol. 154(C), pages 310-348.
    62. Jones, Larry E. & Manuelli, Rodolfo E., 2005. "Neoclassical Models of Endogenous Growth: The Effects of Fiscal Policy, Innovation and Fluctuations," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 1, pages 13-65, Elsevier.
    63. Alexis Akira Toda, 2015. "Asset Prices and Efficiency in a Krebs Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(4), pages 957-978, October.
    64. Richard Anton Braun & Tomoyuki Nakajima, 2009. "Optimal monetary policy when asset markets are incomplete," CIRJE F-Series CIRJE-F-679, CIRJE, Faculty of Economics, University of Tokyo.
    65. Tom Krebs, 2006. "Multi-Dimensional Risk and the Cost of Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(4), pages 640-658, October.
    66. Anthony A. Smith, Jr., 2003. "The Research Agenda: Business Cycles and Inequality," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 4(2), April.
    67. Hallegatte,Stephane & Jooste,Charl & Mcisaac,Florent John, 2022. "Macroeconomic Consequences of Natural Disasters : A Modeling Proposal and Application to Floodsand Earthquakes in Turkey," Policy Research Working Paper Series 9943, The World Bank.
    68. Michał Gradzewicz & Krzysztof Makarski & Joanna Tyrowicz, 2013. "Do We Really Need to Start From Scratch? Economic Theory on Economic Crises," Working Papers 2013-17, Faculty of Economic Sciences, University of Warsaw.
    69. Laura Bakkensen & Lint Barrage, 2018. "Climate Shocks and Economic Growth: Bridging the Micro-Macro Gap," 2018 Meeting Papers 1198, Society for Economic Dynamics.
    70. Pengfei Wang & Yi Wen, 2007. "Endogenous volatility, endogenous growth, and large welfare gains from stabilization policies," Working Papers 2006-032, Federal Reserve Bank of St. Louis.
    71. Marcelo A Mello & Christiano A Coelho, 2020. "Consumption, Leisure, and Cross-country Welfare Costs of Business Cycles," Economics Bulletin, AccessEcon, vol. 40(1), pages 61-76.
    72. Wahyudi, Imam, 2012. "Environmental Dynamic, Business Strategy, and Financial Performance: An Empirical Study of Indonesian Property and Real Estate Industry," MPRA Paper 59717, University Library of Munich, Germany, revised 08 Apr 2013.
    73. Gadi Barlevy, 2005. "The cost of business cycles and the benefits of stabilization," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 29(Q I), pages 32-49.
    74. Maria-Grazia Attinasi & Doris Prammer & Nikolai Stähler & Martino Tasso & Stefan van Parys, 2019. "Budget-Neutral Labor Tax Wedge Reductions: A Sumulation-Based Analysis for the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 15(4), pages 1-54, October.

  18. Tom Krebs, 2003. "Human Capital Risk and Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(2), pages 709-744.

    Cited by:

    1. Akyol, Ahmet & Athreya, Kartik, 2005. "Risky higher education and subsidies," Journal of Economic Dynamics and Control, Elsevier, vol. 29(6), pages 979-1023, June.
    2. Grossmann, Volker, 2008. "Risky human capital investment, income distribution, and macroeconomic dynamics," Journal of Macroeconomics, Elsevier, vol. 30(1), pages 19-42, March.
    3. Barbara Annicchiarico & Alessandra Pelloni & Lorenza Rossi, 2011. "Endogenous Growth, Monetary Shocks and Nominal Rigidities," CEIS Research Paper 187, Tor Vergata University, CEIS, revised 08 Mar 2011.
    4. Krebs, Tom & Scheffel, Martin, 2014. "Labor Market Reform and the Cost of Business Cycles," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100427, Verein für Socialpolitik / German Economic Association.
    5. Xavier Ragot, 2020. "The welfare cost of inflation risk under imperfect insurance," Post-Print hal-03100871, HAL.
    6. Busl, Claudia & Seymen, Atılım, 2013. "The German labour market reforms in a European context: A DSGE analysis," ZEW Discussion Papers 13-097, ZEW - Leibniz Centre for European Economic Research.
    7. Christoph Priesmeier & Nikolai Stähler, 2011. "Long Dark Shadows Or Innovative Spirits? The Effects Of (Smoothing) Business Cycles On Economic Growth: A Survey Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 25(5), pages 898-912, December.
    8. Ricardo Reis & Alisdair McKay, 2015. "Optimal Automatic Stabilizers," 2015 Meeting Papers 608, Society for Economic Dynamics.
    9. Duernecker, Georg & Balleer, Almut & Forstner, Susanne & Goensch, Johannes, 2021. "The Effects of Biased Labor Market Expectations on Consumption, Wealth Inequality, and Welfare," CEPR Discussion Papers 16444, C.E.P.R. Discussion Papers.
    10. François Gourio, 2013. "Credit Risk and Disaster Risk," American Economic Journal: Macroeconomics, American Economic Association, vol. 5(3), pages 1-34, July.
    11. Yann Algan & Olivier Allais & Edouard Challe & Xavier Ragot, 2012. "Monetary Shocks Under Incomplete Markets," Working Papers hal-01169658, HAL.
    12. Laurent-Emmanuel Calvet & George-Marios Angeletos, 2006. "Idiosyncratic Production Risk, Growth and the Business Cycle," Post-Print halshs-00119533, HAL.
    13. Tom Krebs & Martin Scheffel, 2016. "Labor Market Institutions and the Cost of Recessions," CESifo Working Paper Series 6262, CESifo.
    14. Tom Krebs & Pravin Krishna & William Maloney, 2010. "Trade Policy, Income Risk, and Welfare," The Review of Economics and Statistics, MIT Press, vol. 92(3), pages 467-481, August.
    15. Duc Hong Vo & Son Van Huynh & Anh The Vo & Dao Thi-Thieu Ha, 2019. "The Importance of the Financial Derivatives Markets to Economic Development in the World’s Four Major Economies," JRFM, MDPI, vol. 12(1), pages 1-18, February.
    16. Alisdair McKay & Ricardo Reis, 2018. "Countercyclical fiscal policy in a low r∗ world," 2018 Meeting Papers 621, Society for Economic Dynamics.
    17. Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2014. "Optimal taxation and debt with uninsurable risks to human capital accumulation," CIGS Working Paper Series 14-007E, The Canon Institute for Global Studies.
    18. Heathcote, Jonathan & Storesletten, Kjetil & Violante, Giovanni L., 2008. "Insurance and opportunities: A welfare analysis of labor market risk," Journal of Monetary Economics, Elsevier, vol. 55(3), pages 501-525, April.
    19. Yihua Yu & Jing Wang & Xi Tian, 2016. "Identifying the Flypaper Effect in the Presence of Spatial Dependence: Evidence from Education in China's Counties," Growth and Change, Wiley Blackwell, vol. 47(1), pages 93-110, March.
    20. Uschi Backes-Gellner & Yvonne Oswald, 2012. "Learning for a bonus: How financial incentives interact with preferences," Economics of Education Working Paper Series 0079, University of Zurich, Department of Business Administration (IBW).
    21. Karabarbounis, Loukas & Boerma, Job, 2019. "Inferring Inequality with Home Production," CEPR Discussion Papers 13554, C.E.P.R. Discussion Papers.
    22. Piero Gottardi & Atsushi Kajii & Tomoyuki Nakajima, 2011. "Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets," CESifo Working Paper Series 3560, CESifo.
    23. Akao, Ken-Ichi & Sakamoto, Hiroaki, 2018. "A theory of disasters and long-run growth," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 89-109.
    24. Krebs, Tom & Yao, Yao, 2016. "Labor Market Risk in Germany," IZA Discussion Papers 9869, Institute of Labor Economics (IZA).
    25. Ricardo Reis, 2005. "The time-series properties of aggregate consumption: implications for the costs of fluctuations," Working Papers 134, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
    26. Pfeiffer, Friedhelm & Reuß, Karsten, 2008. "Intra- und intergenerationale Umverteilungseffekte in der bundesdeutschen Alterssicherung auf Basis humankapital - theoretischer Überlegungen," ZEW Discussion Papers 08-010, ZEW - Leibniz Centre for European Economic Research.
    27. Krueger, Dirk & Ludwig, Alexander, 2018. "Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk," MEA discussion paper series 201802, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    28. Naurin, Abida & Pourpourides, Panayiotis M., 2021. "On the Causality Between Household and Government Spending on Education: evidence from a panel of 40 countries," Cardiff Economics Working Papers E2021/27, Cardiff University, Cardiff Business School, Economics Section.
    29. R. Anton Braun & Tomoyuki Nakajima, 2011. "Making the case for a low intertemporal elasticity of substitution," FRB Atlanta Working Paper 2011-13, Federal Reserve Bank of Atlanta.
    30. Mordecai Kurz, 2005. "Measuring the Ex-Ante Social Cost of Aggregate Volatility," Discussion Papers 04-006, Stanford Institute for Economic Policy Research.
    31. Krebs, Tom & Scheffel, Martin, 2016. "Structural Reform in Germany," IZA Discussion Papers 9787, Institute of Labor Economics (IZA).
    32. Filippetti, Andrea & Guy, Frederick, 2020. "Labor market regulation, the diversity of knowledge and skill, and national innovation performance," Research Policy, Elsevier, vol. 49(1).
    33. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2009. "Consumption and labor supply with partial insurance: an analytical framework," Staff Report 432, Federal Reserve Bank of Minneapolis.
    34. Alexander Whalley, 2004. "Black-White Differences in the Insurance Value of Human Capital," Econometric Society 2004 North American Summer Meetings 575, Econometric Society.
    35. Wang, Peng-fei & Wen, Yi, 2011. "Volatility, growth, and welfare," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1696-1709, October.
    36. Pfeiffer, Friedhelm & Reuß, Karsten, 2007. "Age-dependent Skill Formation and Returns to Education," ZEW Discussion Papers 07-015, ZEW - Leibniz Centre for European Economic Research.
    37. Stark, Oded & Dorn, Agnieszka, 2013. "International migration, human capital formation, and saving," University of Tübingen Working Papers in Business and Economics 49, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    38. Marcelo Bianconi, 2004. "The Welfare Gains from Stabilization in a Stochastically Growing Economy with Idiosyncratic Shocks and Flexible Labor Supply," Discussion Papers Series, Department of Economics, Tufts University 0413, Department of Economics, Tufts University.
    39. Maximiliano Dvorkin, 2023. "Heterogeneous Agents Dynamic Spatial General Equilibrium," Working Papers 2023-005, Federal Reserve Bank of St. Louis.
    40. Brodaty, Thomas & Gary-Bobo, Robert J. & Prieto, Ana, 2014. "Do risk aversion and wages explain educational choices?," Journal of Public Economics, Elsevier, vol. 117(C), pages 125-148.
    41. Geppert, Christian & Ludwig, Alexander & Abiry, Raphael, 2016. "Secular stagnation? Growth, asset returns and welfare in the next decades: First results," SAFE Working Paper Series 145, Leibniz Institute for Financial Research SAFE.
    42. Jan Hogrefe & Yao Yao, 2012. "Offshoring and Labor Income Risk: An Empirical Investigation," SOEPpapers on Multidisciplinary Panel Data Research 515, DIW Berlin, The German Socio-Economic Panel (SOEP).
    43. Singh, Aarti, 2008. "Human capital risk in life-cycle economies," MPRA Paper 10292, University Library of Munich, Germany.
    44. Michael Carter & John Morrow, 2014. "The Political Economy of Inclusive Rural Growth," CEP Discussion Papers dp1259, Centre for Economic Performance, LSE.
    45. Gadi Barlevy & Daniel Tsiddon, 2004. "Earnings inequality and the business cycle," Working Paper Series WP-04-08, Federal Reserve Bank of Chicago.
    46. KOBAYASHI Keiichiro, 2022. "Recursive Expectations Approach in Policymaking," Policy Discussion Papers 22028, Research Institute of Economy, Trade and Industry (RIETI).
    47. Getachew, Yoseph Yilma, 2016. "Credit constraints, growth and inequality dynamics," Economic Modelling, Elsevier, vol. 54(C), pages 364-376.
    48. Chatterjee, Satyajit & Corbae, Dean, 2007. "On the aggregate welfare cost of Great Depression unemployment," Journal of Monetary Economics, Elsevier, vol. 54(6), pages 1529-1544, September.
    49. Chen Lu & Mitsuyoshi Yanagihara, 2013. "Life Insurance, Human Capital Accumulation and Economic Growth," Australian Economic Papers, Wiley Blackwell, vol. 52(1), pages 52-60, March.
    50. Felipe S. Iachan & Plamen T. Nenov & Alp Simsek, 2015. "The Choice Channel of Financial Innovation," NBER Working Papers 21686, National Bureau of Economic Research, Inc.
    51. Dmytro Hryshko, 2012. "Labor income profiles are not heterogeneous: Evidence from income growth rates," Quantitative Economics, Econometric Society, vol. 3(2), pages 177-209, July.
    52. Panousi, Vasia, 2009. "Financial Integration and Capital Accumulation," MPRA Paper 24238, University Library of Munich, Germany.
    53. Olaf Posch & Klaus Wälde, 2006. "Natural volatility, welfare and taxation," Working Papers 2007_33, Business School - Economics, University of Glasgow.
    54. R. Anton Braun & Tomoyuki Nakajima, 2011. "Uninsured countercyclical risk: an aggregation result and application to optimal monetary policy," FRB Atlanta Working Paper 2011-04, Federal Reserve Bank of Atlanta.
    55. Tom Krebs & Pravin Krishna & William F Maloney, 2019. "Income Mobility, Income Risk, and Welfare," The World Bank Economic Review, World Bank, vol. 33(2), pages 375-393.
    56. Tom Krebs, 2006. "Recursive equilibrium in endogenous growth models with incomplete markets," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 505-523, November.
    57. Kjetil Storesletten & Chris I. Telmer & Amir Yaron, 2004. "Cyclical Dynamics in Idiosyncratic Labor Market Risk," Journal of Political Economy, University of Chicago Press, vol. 112(3), pages 695-717, June.
    58. Clemens Christiane, 2009. "Stochastic Growth and Factor Income Risk," German Economic Review, De Gruyter, vol. 10(4), pages 422-447, December.
    59. Per Krusell & Toshihiko Mukoyama & Aysegul Sahin & Anthony A. Smith, Jr., 2009. "Revisiting the Welfare Effects of Eliminating Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(3), pages 393-402, July.
    60. Angeletos, George-Marios & Calvet, Laurent-Emmanuel, 2005. "Incomplete-market dynamics in a neoclassical production economy," Journal of Mathematical Economics, Elsevier, vol. 41(4-5), pages 407-438, August.
    61. Yi Wen, 2013. "Liquidity and Welfare," 2013 Meeting Papers 204, Society for Economic Dynamics.
    62. Elena Kotyrlo, 2014. "Northern Investment Risks in Human Capital Formation: Russian Experience," ERSA conference papers ersa14p294, European Regional Science Association.
    63. Tom Krebs, 2004. "Welfare Cost of Business Cycles When Markets Are Incomplete," Working Papers 2004-08, Brown University, Department of Economics.
    64. Philip Jung & Keith Kuester, 2008. "The (un)importance of unemployment fluctuations for welfare," Working Papers 08-31, Federal Reserve Bank of Philadelphia.
    65. Jung, Philip & Kuester, Keith, 2011. "The (un)importance of unemployment fluctuations for the welfare cost of business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 35(10), pages 1744-1768, October.
    66. Kremer, Jana & Stähler, Nikolai, 2013. "Structural and cyclical effects of tax progression," Discussion Papers 15/2013, Deutsche Bundesbank.
    67. Hans Gersbach & Jean-Charles Rochet & Martin Scheffel, 2022. "Financial Intermediation, Capital Accumulation, and Crisis Recovery," Post-Print hal-04074448, HAL.
    68. Nikos Kokonas & Herakles Polemarchakis, 2016. "Suboptimality with land," Department of Economics Working Papers 45/15, University of Bath, Department of Economics.
    69. Barbara Annicchiarico & Alessandra Pelloni & Fabrizio Valenti, 2016. "Volatility and Growth with Recursive Preferences," Working Paper series 16-05, Rimini Centre for Economic Analysis.
    70. Olivier Charlot & Idriss Fontaine & Thepthida Sopraseuth, 2020. "Employment Fluctuations, Job Polarization and Non-Standard Work: Evidence from France and the US," Working Papers hal-02441207, HAL.
    71. Stéphane Pallage & Michel A. Robe & Catherine Bérubé, 2004. "On the Potential of Foreign Aid as Insurance," Cahiers de recherche 0404, CIRPEE.
    72. Audrey Desbonnet & Sumudu Kankanamge, 2008. "Public debt and aggregate risk," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00175877, HAL.
    73. Kong, Dongmin & Zhang, Bohui & Zhang, Jian, 2022. "Higher education and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 72(C).
    74. Tom Krebs & Moritz Kuhn & Mark Wright, 2016. "Insurance in human capital models with limited enforcement," CAMA Working Papers 2016-48, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    75. Kokonas, Nikos & Polemarchakis, Herakles, 2015. "Suboptimality with land," CRETA Online Discussion Paper Series 13, Centre for Research in Economic Theory and its Applications CRETA.
    76. HIRAGUCHI Ryoji, 2018. "Wealth Distribution in the Endogenous Growth Model with Idiosyncratic Investment Risk," Discussion papers 18009, Research Institute of Economy, Trade and Industry (RIETI).
    77. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934, Elsevier.
    78. Moritz Kuhn & Mark Wright & Tom Krebs, 2012. "Human Capital Risk, Contract Enforcement, and the Macroeconomy," 2012 Meeting Papers 159, Society for Economic Dynamics.
    79. Beatrix Gaitan & Terry Roe, 2012. "International Trade, Exhaustible-Resource Abundance and Economic Growth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(1), pages 72-93, January.
    80. Howitt, Peter & Mayer-Foulkes, David & Aghion, Philippe, 2005. "The Effect of Financial Development on Convergence: Theory and Evidence," Scholarly Articles 4481509, Harvard University Department of Economics.
    81. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen Effekte ausgewählter Reformvorschläge der Studie "Reforms, Investment and Growth: An Agenda for France, Germany and Europe"," Working Papers 16-04, University of Mannheim, Department of Economics.
    82. Lance Lochner & Alexander Monge-Naranjo, 2011. "Credit Constraints in Education," Working Papers 2011-036, Human Capital and Economic Opportunity Working Group.
    83. Fabian Kosse & Friedhelm Pfeiffer, 2012. "Impatience among Preschool Children and Their Mothers," SOEPpapers on Multidisciplinary Panel Data Research 431, DIW Berlin, The German Socio-Economic Panel (SOEP).
    84. Nikolaos Kokonas & Herakles Polemarchakis, 2017. "Debt and welfare in economies with land," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 64(4), pages 805-824, December.
    85. Kosuke Aoki & Tomoyuki Nakajima & Kalin Nikolov, 2014. "Safe Asset Shortages and Asset Price Bubbles," KIER Working Papers 894, Kyoto University, Institute of Economic Research.
    86. Hogrefe, Jan & Yao, Yao, 2012. "Offshoring and labor income risk," ZEW Discussion Papers 12-025, ZEW - Leibniz Centre for European Economic Research.
    87. Fernando Barros Jr & Francisco L Lima Filho & Diego M Silva, 2017. "The Welfare Cost of Business Cycles for Heterogeneous Consumers: A State-Space Decomposition," Economics Bulletin, AccessEcon, vol. 37(3), pages 1928-1941.
    88. Mark Huggett & Gustavo Ventura & Amir Yaron, 2007. "Sources of Lifetime Inequality," Working Papers gueconwpa~07-07-04, Georgetown University, Department of Economics.
    89. Colleen Carey & Stephen H. Shore, 2013. "From the Peaks to the Valleys: Cross-State Evidence on Income Volatility over the Business Cycle," The Review of Economics and Statistics, MIT Press, vol. 95(2), pages 549-562, May.
    90. Miguel-Ángel Galindo Martín & Francisco Sotos & María Picazo, 2007. "Value at Risk and Economic Growth," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 13(2), pages 214-221, May.
    91. Arpita Chatterjee & Aarti Singh & Tahlee Stone, 2016. "Understanding Wage Inequality in Australia," The Economic Record, The Economic Society of Australia, vol. 92(298), pages 348-360, September.
    92. George-Marios Angeletos, 2005. "Uninsured Idiosyncratic Investment Risk," NBER Working Papers 11180, National Bureau of Economic Research, Inc.
    93. Minelli, Enrico, 2017. "Merit and rent in a growing economy," Economics Letters, Elsevier, vol. 151(C), pages 107-110.
    94. Pfeiffer, Friedhelm & Reuß, Karsten, 2013. "Education and lifetime income during demographic transition," ZEW Discussion Papers 13-021, ZEW - Leibniz Centre for European Economic Research.
    95. Clemens, Christiane & Heinemann, Maik, 2015. "Endogenous growth and wealth inequality under incomplete markets and idiosyncratic risk," Journal of Macroeconomics, Elsevier, vol. 45(C), pages 300-317.
    96. Tom Krebs & Martin Scheffel, 2013. "Macroeconomic Evaluation of Labor Market Reform in Germany," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(4), pages 664-701, December.
    97. Tirelli Mario & Turner Sergio, 2010. "Quantifying the Cost of Risk in Consumption," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 10(1), pages 1-33, July.
    98. Kokonas, Nikos & Polemarchakis, Herakles, 2015. "Suboptimality with land," Economic Research Papers 269722, University of Warwick - Department of Economics.
    99. Andrea Filippetti & Frederick Guy, 2016. "Risk-taking, skill diversity, and the quality of human capital: how insurance affects innovation," Papers in Evolutionary Economic Geography (PEEG) 1625, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Aug 2016.
    100. Tamas Papp & Alisdair McKay, 2012. "Accounting for idiosyncratic wage risk over the business cycle," 2012 Meeting Papers 820, Society for Economic Dynamics.
    101. Hori, Takeo & Im, Ryonghun, 2023. "Asset bubbles, entrepreneurial risks, and economic growth," Journal of Economic Theory, Elsevier, vol. 210(C).
    102. Weiguang Liu, 2020. "Individual health perspective, income protection insurance coverage and human capital growth," Economics Bulletin, AccessEcon, vol. 40(1), pages 177-187.
    103. Gadi Barlevy, 2004. "The Cost of Business Cycles and the Benefits of Stabilization: A Survey," NBER Working Papers 10926, National Bureau of Economic Research, Inc.
    104. Cagé, Julia, 2009. "Growth, Poverty Reduction and Governance in Developing Countries: a Survey," CEPREMAP Working Papers (Docweb) 0904, CEPREMAP.
    105. Datta, Manjira & Mirman, Leonard J. & Morand, Olivier F. & Reffett, Kevin L., 2005. "Markovian equilibrium in infinite horizon economies with incomplete markets and public policy," Journal of Mathematical Economics, Elsevier, vol. 41(4-5), pages 505-544, August.
    106. Pfeiffer, Friedhelm & Reuß, Karsten, 2008. "Ungleichheit und die differentiellen Erträge frühkindlicher Bildungsinvestitionen im Lebenszyklus," ZEW Discussion Papers 08-001, ZEW - Leibniz Centre for European Economic Research.
    107. Krebs, Tom & Scheffel, Martin, 2022. "Optimal Allocations in Growth Models with Private Information," IZA Discussion Papers 15650, Institute of Labor Economics (IZA).
    108. Jang-Ok Cho & Thomas Cooley & Hyung Seok Kim, 2015. "Business Cycle Uncertainty and Economic Welfare," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(2), pages 185-200, April.
    109. Juhani T. Linnainmaa, 2011. "Why Do (Some) Households Trade So Much?," The Review of Financial Studies, Society for Financial Studies, vol. 24(5), pages 1630-1666.
    110. Weiguang Liu, 2021. "Human capital accumulation, income protection insurance and poverty reduction in the least developed countries," Australian Economic Papers, Wiley Blackwell, vol. 60(2), pages 361-372, June.
    111. R. Anton Braun & Tomoyuki Nakajima, 2016. "Uninsured risk, stagnation, and fiscal policy," FRB Atlanta Working Paper 2016-4, Federal Reserve Bank of Atlanta.
    112. Steven B. Caudill & Stephanie O. Crofton & João Ricardo Faria & Neela D. Manage & Franklin G. Mixon & Mary Greer Simonton, 2020. "Property confiscation and the intergenerational transmission of education in post-1948 Eastern Europe," Public Choice, Springer, vol. 184(1), pages 1-41, July.
    113. Tom Krebs, 2005. "Job Displacement Risk and the Cost of Business Cycles," 2005 Meeting Papers 188, Society for Economic Dynamics.
    114. Deng, Liuchun & Krishna, Pravin & Senses, Mine Zeynep & Stegmaier, Jens, 2021. "Trade, Human Capital, and Income Risk," IZA Discussion Papers 14953, Institute of Labor Economics (IZA).
    115. Christopher Heiberger & Alfred Maussner, 2018. "Business Cycle Uncertainty and Economic Welfare Revisited," Discussion Paper Series 335, Universitaet Augsburg, Institute for Economics.
    116. Grove, Wayne A. & Jetter, Michael & Papps, Kerry L., 2018. "Career Lotto: Labor Supply in Winner-Take-All Markets," IZA Discussion Papers 12012, Institute of Labor Economics (IZA).
    117. Wulff, Alexander & Heinemann, Maik, 2015. "Idiosyncratic Risk, Borrowing Constraints and Financial Integration - A Discussion of Ambiguous Results," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113165, Verein für Socialpolitik / German Economic Association.
    118. Krebs, Tom & Scheffel, Martin, 2016. "Quantifizierung der gesamtwirtschaftlichen und fiskalischen Effekte ausgewählter Infrastruktur- und Bildungsinvestitionen in Deutschland," Working Papers 16-13, University of Mannheim, Department of Economics.
    119. Howitt, Peter & Aghion, Philippe, 2006. "Appropriate Growth Policy: A Unifying Framework," Scholarly Articles 4554121, Harvard University Department of Economics.
    120. Toda, Alexis Akira, 2014. "Incomplete market dynamics and cross-sectional distributions," Journal of Economic Theory, Elsevier, vol. 154(C), pages 310-348.
    121. Keith Blackburn & David Chivers, 2015. "Fearing the worst: the importance of uncertainty for inequality," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 60(2), pages 345-370, October.
    122. Sakai Ando, 2017. "Size-Dependent Policies and Efficient Firm Creation," ISER Discussion Paper 1033, Institute of Social and Economic Research, Osaka University, revised Jun 2018.
    123. Jones, Larry E. & Manuelli, Rodolfo E., 2005. "Neoclassical Models of Endogenous Growth: The Effects of Fiscal Policy, Innovation and Fluctuations," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 1, pages 13-65, Elsevier.
    124. Yves Achdou & Jiequn Han & Jean-Michel Lasry & Pierre-Louis Lions & Benjamin Moll, 2017. "Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach," NBER Working Papers 23732, National Bureau of Economic Research, Inc.
    125. Alexis Akira Toda, 2015. "Asset Prices and Efficiency in a Krebs Economy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(4), pages 957-978, October.
    126. Richard Anton Braun & Tomoyuki Nakajima, 2009. "Optimal monetary policy when asset markets are incomplete," CIRJE F-Series CIRJE-F-679, CIRJE, Faculty of Economics, University of Tokyo.
    127. Diego Gomes & Cezar Santos & Felipe Iachan, 2019. "Labor Earnings Dynamics with a Large Informal Sector," 2019 Meeting Papers 793, Society for Economic Dynamics.
    128. Mr. Tom Krebs & Mr. Martin Scheffel, 2013. "Macroeconomic Evaluation of Labor Market Reform in Germany," IMF Working Papers 2013/042, International Monetary Fund.
    129. Mr. Tom Krebs & Mr. Martin Scheffel, 2016. "Structural Reform in Germany," IMF Working Papers 2016/096, International Monetary Fund.
    130. Tom Krebs, 2006. "Multi-Dimensional Risk and the Cost of Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(4), pages 640-658, October.
    131. Francois Gourio, 2012. "Disaster Risk and Business Cycles," American Economic Review, American Economic Association, vol. 102(6), pages 2734-2766, October.
    132. Ando, Sakai & Matsumura, Misaki, 2020. "Constrained inefficiency of competitive entrepreneurship," Journal of Mathematical Economics, Elsevier, vol. 88(C), pages 98-103.
    133. Ben J. Heijdra & Fabian Kindermann & Laurie S. M. Reijnders, 2014. "Life in Shackles? The Quantitative Implications of Reforming the Educational Loan System," CESifo Working Paper Series 5013, CESifo.
    134. Hallegatte,Stephane & Jooste,Charl & Mcisaac,Florent John, 2022. "Macroeconomic Consequences of Natural Disasters : A Modeling Proposal and Application to Floodsand Earthquakes in Turkey," Policy Research Working Paper Series 9943, The World Bank.
    135. Sergio Salas & Kathleen Odell, 2020. "Financial Deepening, Credit Crises, Human Capital and Growth," Working Papers 2020-01, Escuela de Negocios y Economía, Pontificia Universidad Católica de Valparaíso.
    136. Mizuki Tsuboi, 2018. "Stochastic accumulation of human capital and welfare in the Uzawa–Lucas model: an analytical characterization," Journal of Economics, Springer, vol. 125(3), pages 239-261, November.
    137. Michał Gradzewicz & Krzysztof Makarski & Joanna Tyrowicz, 2013. "Do We Really Need to Start From Scratch? Economic Theory on Economic Crises," Working Papers 2013-17, Faculty of Economic Sciences, University of Warsaw.
    138. Kokonas, Nikos & Polemarchakis, Herakles, 2015. "Suboptimality with land," The Warwick Economics Research Paper Series (TWERPS) 1103, University of Warwick, Department of Economics.
    139. Laura Bakkensen & Lint Barrage, 2018. "Climate Shocks and Economic Growth: Bridging the Micro-Macro Gap," 2018 Meeting Papers 1198, Society for Economic Dynamics.
    140. Tom Krebs, 2003. "Growth and Welfare Effects of Business Cycles in Economies with Idiosyncratic Human Capital Risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 846-868, October.
    141. Pengfei Wang & Yi Wen, 2007. "Endogenous volatility, endogenous growth, and large welfare gains from stabilization policies," Working Papers 2006-032, Federal Reserve Bank of St. Louis.
    142. Zubair, Maria & Khanum, Ayesha & Nasir, Marjan, 2018. "Transfer Of Behavioral Traits From Parents To Children: An Experimental Approach," MPRA Paper 92121, University Library of Munich, Germany.
    143. Wahyudi, Imam, 2012. "Environmental Dynamic, Business Strategy, and Financial Performance: An Empirical Study of Indonesian Property and Real Estate Industry," MPRA Paper 59717, University Library of Munich, Germany, revised 08 Apr 2013.
    144. Gadi Barlevy, 2005. "The cost of business cycles and the benefits of stabilization," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 29(Q I), pages 32-49.
    145. Kuhn, Moritz & Krebs, Tom & Wright, Mark L.J., 2016. "Under-Insurance in Human Capital Models with Limited Enforcement," CEPR Discussion Papers 11612, C.E.P.R. Discussion Papers.
    146. Hagedorn, Marcus, 2021. "An Equilibrium Theory of Nominal Exchange Rates," CEPR Discussion Papers 16517, C.E.P.R. Discussion Papers.
    147. Ludwig, Alexander & Geppert, Christian & Abiry, Raphael, 2016. "Secular Stagnation? Growth, Asset Returns and Welfare in the Next Decades," VfS Annual Conference 2016 (Augsburg): Demographic Change 145764, Verein für Socialpolitik / German Economic Association.
    148. Maria-Grazia Attinasi & Doris Prammer & Nikolai Stähler & Martino Tasso & Stefan van Parys, 2019. "Budget-Neutral Labor Tax Wedge Reductions: A Sumulation-Based Analysis for the Euro Area," International Journal of Central Banking, International Journal of Central Banking, vol. 15(4), pages 1-54, October.
    149. Börsch-Supan, Axel, 2013. "Myths, scientific evidence and economic policy in an aging world," The Journal of the Economics of Ageing, Elsevier, vol. 1, pages 3-15.

  19. Krebs, Tom, 2001. "Endogenous probabilities and the information revealed by prices," Journal of Mathematical Economics, Elsevier, vol. 36(1), pages 1-18, September.

    Cited by:

    1. Krebs, Tom, 2005. "Fundamentals, information, and international capital flows: A welfare analysis," European Economic Review, Elsevier, vol. 49(3), pages 579-598, April.

  20. Krebs, Tom, 1999. "Information and asset prices in complete markets exchange economies," Economics Letters, Elsevier, vol. 65(1), pages 75-83, October.

    Cited by:

    1. Krebs, Tom, 2005. "Fundamentals, information, and international capital flows: A welfare analysis," European Economic Review, Elsevier, vol. 49(3), pages 579-598, April.
    2. Peter Benczur, 2001. "Learning, noise traders, the volatility and the level of bond spreads," CERS-IE WORKING PAPERS 0114, Institute of Economics, Centre for Economic and Regional Studies.

  21. Krebs, Tom, 1997. "Statistical Equilibrium in One-Step Forward Looking Economic Models," Journal of Economic Theory, Elsevier, vol. 73(2), pages 365-394, April.

    Cited by:

    1. Toda, Alexis Akira, 2015. "Bayesian general equilibrium," University of California at San Diego, Economics Working Paper Series qt1g6889mk, Department of Economics, UC San Diego.
    2. Takeoka, Norio, 2006. "Stationary Markov equilibria on a non-compact self-justified set," Journal of Mathematical Economics, Elsevier, vol. 42(3), pages 269-290, June.
    3. Jörnsten, Kurt & Ubøe, Jan, 2005. "Efficient Statistical Equilibria in Markets," Discussion Papers 2005/2, Norwegian School of Economics, Department of Business and Management Science.
    4. Jörnsten, Kurt & Ubøe, Jan, 2010. "Quantification of preferences in markets," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 453-466, July.

Software components

    Sorry, no citations of software components recorded.

Books

  1. Sebastian Dullien & Michael Hüther & Tom Krebs & Barbara Praetorius & C. Katharina Spieß, 2020. "Weiter Denken: ein nachhaltiges Investitionsprogramm als tragende Säule einer gesamtwirtschaftlichen Stabilisierungspolitik," DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research, volume 127, number pbk151, January.

    Cited by:

    1. Marius Clemens & Marcel Fratzscher & Claus Michelsen, 2021. "Ein Investitionsprogramm zur Krisenbewältigung," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(3), pages 168-171, March.
    2. Hüther, Michael, 2020. "Investitionen und Konsum: Überlegungen zu wirtschaftspolitischen Handlungsoptionen zur Jahresmitte 2020," IW policy papers 13/2020, Institut der deutschen Wirtschaft (IW) / German Economic Institute.

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