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 …

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 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 Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

labour market institutions. Our aim is to explain the main sources of shocks to unemployment, and the most relevant features …In this paper we analyse the underlying causes behind Spanish unemployment which is now at 24%. We interpret this …

for the unemployment rates of high and low-educated workers, for the share of mismatched workers and wage inequality both …

of EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity …

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 …