significant general effect of the EMU on wage growth nor on unemployment … (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade …

We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess … degree of cross-country transfers. In the baseline, we focus on a non-contingent scheme covering short-term unemployment and … find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, four …

surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian …

This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and … and turns of unemployment rates in Europe and elsewhere …

of the (larger) negative general border effect. We do not find similar positive border-integration effects as a result of …

model numerically using fiscal data from the euro area and then do a number of policy experiments. The general message is …