Bertola, Giuseppe, (2016), “European Unemployment Revisited: Shocks, Institutions, Integration”, International Monetary Fund, 26 October
This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and institutions, and runs it on recent data featuring dramatic shocks and controversial institutional change. Theoretical insights and empirical results suggest that reforms and capital áows contribute sensible and interrelated explanations for the recent twists and turns of unemployment rates in Europe and elsewhere.
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- Campos, Nauro, El Aynaoui, Karim, Loungani, Prakash, (2016), “European unemployment and labour market reforms: A two-handed approach”, VoxEu, 5 Δεκεμβρίου
- Gali, Jordi, (2015), “Hysteresis and the European unemployment problem revisited”, ECB Forum on Central Banking, May