Altavilla, Carlo; Caroleo, Floro Ernesto - Centro Studi di Economia e Finanza (CSEF) - 2011
Labour market policies settled at national level imply a “one-size-fits-all” labour market strategy. This strategy might not sufficiently take into account region-specific economic structures. We employ a panel factor-augmented vector autoregression (FAVAR) to evaluate whether active labour...