-border risk-sharing is limited, giving a role to a federal unemployment-based transfer scheme. Member states control local labor … Monetary Union, we find notable welfare gains if the federal scheme's payouts take the member states' past unemployment level … as a reference point. Member states' control over policies other than unemployment benefits can limit generosity during …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the … volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the …

regarding an increase in unemployment or increasing imbalances …

of taxes. Controlling for demand-side and supply-side determinants of unemployment, we show that the PTB plays a … significant role in explaining unemployment in the continental European countries, but not in the Nordic nor the Anglo-Saxon ones …. We also show that there is no relationship between the incidence of the PTB and unemployment persistence, even though …

of the unemployment rate and of worker transitions …

We develop a multi-sectoral matching model to predict the impact of the lockdown on the US unemployment, considering … and business closures that hit the workers with the first level of education explains the abruptness of the unemployment …-crisis unemployment level could be reached in 2024 in a scenario with a double wave. In the same scenario, a calibration on French data …