Autore: Bertola, Giuseppe
Titolo: European Unemployment Revisited: Shocks, Institutions, Integration.
Periodico: Università degli studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis. Working paper series
Anno: 2016 - Volume: 12 - Fascicolo: 21 - Pagina iniziale: 1 - Pagina finale: 42

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 ?ows contribute sensible and interrelated explanations for the recent twists and turns of unemployment rates in Europe and elsewhere.




Testo completo: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2016dip/wp_21_2016.pdf

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