This paper reviews the Italian unemployment experience, analyzing in particular the time-series behavior of unemployment rates along the path that brought Italy into Europe’s Economic and Monetary Union, and their disaggregated structure across geographical and demographic dimensions. High...

We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high-frequency behavior of the U.S. market for federal funds: depository institutions tend to hold more reserves during the last few days of each “reserve maintenance period,” when the...