We examine the impact of the European Central Bank's monetary policy on the euro area labor markets over the period … 2010-2018. Using Jordà's (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …

unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries …

unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …

-2019 period, we use Bayesian Model Averaging and quantile regression to assess notably the relevance of unemployment and earnings …. Moreover, one percentage point increase in the difference in the unemployment rate is associated with an increase in net …

This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …