. For these purposes, panel unit root tests are employed to improve power against univariate counterparts. Since cross … section correlation is a distinct feature of the underlying panel data, results are based on various second generation panel …

Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however … problems, is overcome by adopting a Bayesian Model Averaging approach. I apply this method to a panel data set that covers 17 … indicators are identified as significant determinants of unemployment. Endogeneity due to reverse causality is also considered by …

This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment … occurrence of shocks and hysteresis effects, the (mis-)measurement of important variables such as in ation expectations …

We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed …-term unemployment and find that it would have absorbed a significant fraction of the unemployment shock in the recent crisis. However, 5 …