protection legislation and unemployment benefits. Estimates based on local projections find negative short-run effects of …

and restrictions on fixed-term contracts; (2) unemployment benefit generosity and coverage; and (3) the intensity of … active labor market policies. The paper provides an overview of reform patterns and tries to assess whether and to what … provision of unemployment benefits and access to ALMPs. In particular, we will provide some evidence on potential changes in …

commentators have argued that the subsequent rise in unemployment exceeded previous estimates of the elasticity of the unemployment …-term estimate of Okun’s coefficient implying that the deviation in unemployment during the crisis resulted from a larger output gap … period utilized. Focusing more on short-term fluctuations, changes in unemployment are decomposed to identify the association …