We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and … measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic … vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with …

While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits …. Our main findings are that the current still elevated levels of unemployment mostly reflect structural factors. We then … turn to why structural unemployment is so high. This paper points to skill mismatches, high tax wedges, and unemployment …

The Macedonian labor market exhibits a high unemployment rate, yet does not demonstrate obvious and large enough …

This Selected Issues paper assesses the youth unemployment problem in advanced European economies, especially the euro … area. Youth unemployment rates increased sharply in the euro area after the crisis. Much of these increases can be … explained by output dynamics and the greater sensitivity of youth unemployment to economic activity compared with adult …