Federal Reserve Bank of Cleveland: 'Optimal Short-Time Work Policy in Recessions'
March 31, 2026
March 31, 2026
CLEVELAND, Ohio, March 31 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 26-07) on March 23, 2026, by Gero Stiepelmann entitled "Optimal Short-Time Work Policy in Recessions."
Here are excerpts:
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Short-time work (STW) is a subsidy program linked to a reduction in working hours that has been widely used across Europe and partly used in some US states to combat job losses in the Great Recession and the . . .
Here are excerpts:
* * *
Short-time work (STW) is a subsidy program linked to a reduction in working hours that has been widely used across Europe and partly used in some US states to combat job losses in the Great Recession and the . . .