Furceri, Davide; Bernal-Verdugo, Lorenzo E.; Guillaume, … - International Monetary Fund (IMF) - 2012
flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries … with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long …-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a …