Recent research attempting to understand the behaviour of unemployment, and more generally the labour market itself …

Spain has had a serious structural unemployment problem for the last 20 years. This paper argues that the interaction … of firing costs and job-to-job flows added to changes in unemployment benefits, could provide an explanation for … equilibrium unemployment increasing, since 1984. First, we construct a new series of job-to-job flows and show it is significantly …

This paper studies the joint behaviour of inflation and unemployment in Spain over the period 1964-1995. We analyze the … implications both of full hysteresis in unemployment and high inflation persistence for inference regarding dynamic Phillips trade …

the unemployment, this paper tries to answer the following question: Is a nominal permanent disinflation compatible with … short-run unemployment costs but also with long-run output benefits? The answer to this question crucially depends on the …

We test the Barro-Gordon model extended to allow for persistence in unemployment. First, we build an index of central …

By how much do employed households reduce their consumption when the aggregate unemployment rate rises? In Spain during … the Great Recession a 1 percentage point increase in the unemployment rate was related to a strong drop in household … of their expectations on future income growth rates: the shadow of unemployment. Using consumption panel data that …

Spain faces the highest unemployment rate among the European Union countries (22.2%), and Portugal the lowest (7 … unemployment insurance seems, after 1989, roughly comparable. In this paper we address this puzzle by providing a systematic …