European cities like Rome, Helsinki and Dublin differ from one another by virtue ofregional architectonic peculiarities and individual problems caused by the social andeconomic changes each city is facing. “What they have in common is that theircharacter is determined by the model of the...

Using annual data for 18 OECD countries over the period 1980-2004, we investigate howlabour and financial factors interact to determine unemployment by estimating a dynamicpanel model using the system generalized method of moments (GMM). We show that theimpact of financial variables depends...