We propose a Bayesian VAR model with stochastic volatility and time varying skewness to estimate the degree of labour … risks have been contained by the resilient performance of the labour market in both areas. The degree of labour at risk is …

Will EMU accelerate or retard structural reform in labour and product markets? The theoretical literature is ambiguous … in five specific areas of labour and product market policies. Based on pooled cross-country/time series Probit …

We present a quarterly narrative database of important labour market reforms in selected euro area economies in between …

affected by a credit constraint and, in turn, to adjust their labour input downwards than pre-crisis clients of more healthy …

We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been … particularly severe in services as opposed to industry. Third, misallocation of both labour and capital dropped in all countries in …

We analyse the evolution of capital and labour (mis)allocation across firms in five euro-area countries (Belgium … efficiency of labour reallocation has not changed significantly. Second, the observed increase in capital misallocation has been … particularly severe in services as opposed to industry. Third, misallocation of both labour and capital dropped in all countries in …

adjustments. We formalise this notion by incorporating labour market rigidities into an “escape clause” model of currency crises … or labour markets flexible. …