European Unemployment Revisited: Shocks, Institutions, Integration

Giuseppe Bertola

No 11606, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: 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 flows contribute sensible and interrelated explanations for the recent twists and turns of unemployment rates in Europe and elsewhere.

Date: 2016-11
New Economics Papers: this item is included in nep-eec
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Related works:
Journal Article: European unemployment revisited: Shocks, institutions, integration (2017)
Working Paper: European Unemployment Revisited: Shocks, Institutions, Integration (2016)
Working Paper: European Unemployment Revisited: Shocks, Institutions, Integration (2016)
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