In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … institutional frameworks. Given that the coverage and generosity of social welfare institutions are both higher in the North, and …

This paper examines the degree of persistence of regional relative unemployment. A theoretical model is built to … such persistence. The model is used to account for the observed degree of persistence of regional relative unemployment in …

In this paper we study the relationship between labor market institutions and monetary policy. We use a simple … macroeconomic framework to show how optimal monetary policy rules depend on labor institutions (labor adjustment costs, and nominal … Economic and Monetary Union (EMU) depends on institutions and preferences. We then use the calibrated model to analyze how EMU …

In this paper we study the relationship between labour market institutions and monetary policy. We use a simple … macroeconomic framework to show how optimal monetary policy rules depend on labour institutions (labour adjustment costs, and … Economic and Monetary Union (EMU) depends on institutions and preferences. We then use the calibrated model to analyse how EMU …

labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …