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. …

reduces both inflation and unemployment sufficiently to make the appointment of such a bank socially optimal. Intuitively … wage and, therefore, a stronger increase in unemployment among its members. As a consequence, the deterring effect of … unions' fear from unemployment on their wage demands is stronger and employment higher when the CB is more conservative. …

This Paper develops a framework for the analysis of the effects of institutions on economic performance in a monetary … markets, and central bank conservativeness. Economic performance is characterized by unemployment, inflation, real wages 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 …

monetary policy usually affects both inflation and unemployment, even when all structural parameters of the economy and of … suggests that the switch to a monetary union is likely to make labor uur unions more aggressive, increasing unemployment …

explaining the high and persistent EU unemployment rates, focusing on several labour market institutions like collective …In this paper we analyse the likely effects of Economic and Monetary Union (EMU) on European unemployment. We start by … describing the current unemployment situation in the European Union (EU). In so doing, we try to assess the relative importance …

variables. The paper also considers the effects of those institutions on the choice of labour taxes and of unemployment benefits … market institutions and monetary policy-making institutions on economic performance in the presence of strategic interactions …, or of central bank conservativeness are associated with lower unemployment and inflation. However the forward shifting of …

centralization of wage bargaining and of the interaction between those institutional variables, on real wages, unemployment and …) triggers two opposite effects on real wages, unemployment and inflation. The decrease in the number of unions reduces the … competition effect’ raises real wages, unemployment and inflation. But the decrease in the number of unions also strengthens the …

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