The Brief investigates the role of policy uncertainty in explaining the persistently high unemployment rate in the euro area after the Great Recession and the different impact of uncertainty on flows into and out of unemployment.

This paper assesses macroeconomic determinants of labour mobility and its role in the adjustment to asymmetric shocks. First, the paper develops stylised facts of mobility at the national and sub-national levels in the EU. Then, it explores the macroeconomic determinants of bilateral migration...