likely to exist also in other countries. -- unemployment ; optimal unemployment insurance ; liquidity constraints ; mental …

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

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 …