2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the United … change increases skilled wages, reduces unskilled wages and increases the unemployment rate of both skilled and unskilled …

of different job search methods, conditional unemployment benefit hikes can improve welfare when individuals are risk …

Spain and Portugal are two neighbour economies which share many characteristics. Spanish unemployment is more than … double Portuguese unemployment, however. In this chapter we resort to Structural Vector Autoregression (SVAR) techniques to …, their effects on unemployment were much more long-lasting in Spain than in Portugal. …

This paper studies the joint behaviour of inflation and unemployment in Spain over the period 1964–95 in order to … on the effects of demand shocks on the unemployment rate. Our estimates suggest, according to the reader’s prior belief …

the answer may be no is that countries pursuing poor macroeconomic policies also have weak ‘institutions’, including … political institutions that do not constrain politicians and political elites, ineffective enforcement of property rights for … more ‘extractive’ institutions from their colonial past were more likely to experience high volatility and economic crises …

enabled these groups to demand, obtain and sustain changes in institutions to protect their property rights. Furthermore, the … existing institutions placed some checks on the monarchy and particularly limited its control of overseas trading activities … the result of capitalist development driven by the interaction of late medieval institutions and the economic …