dynamic simulations that account for the swings of the unemployment rates before and after the 2007 crisis. Our results … productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries …. -- unemployment dynamics ; structural multi-equation models ; chain reaction theory ; simulations ; PIGS …

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …

We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …

. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences … suggests that laws and institutions such as product market regulations, unions and more coordinated wage-setting systems are …

other industrial sectors, in agriculture, and in services, as well as unemployment and non-participation in the labor force … present a mixed picture of social dislocation and improved reallocation. -- unemployment ; sectoral shifts ; reallocation …

; unemployment ; labor market institutions ; internal flexibility …

The purpose of the paper is to analyse how labour market and labour market institutions reacted during recent crises …