(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 … unions lower their claims for wage mark-ups resulting in lower wage growth and lower unemployment. This paper uses …

This paper investigates regional or international transfers as a means to prevent immigration into unemployment. We … analyze a two-country model with free migration in which the rich country is characterized by minimum wage unemployment … stronger productivity growth in the poor country, reducing both migration flows and unemployment in the rich country. This …

various performance indicators (unemployment, long-term unemployment, employment, activity rate). Our results confirm that … high taxes increase unemployment, while active labour market policies tend to reduce it. We also show that stricter …

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 …