Labour market policies settled at national level imply a one-size-fits-all labour market strategy. This strategy might not sufficiently take into account region-specific economic structures. In this paper we employ a panel factor-augmented vector autoregression (FAVAR) to evaluate whether active...

Until recently, regional labour market imbalances were considered transitory phenomena caused by state failure in yielding distorted investment incentives and by labour market rigidities. Labour mobility and wage flexibility were at the core of the debate over the causes of and cures for...

Labour market policies settled at national level imply a "one-size-fits-all" labour market strategy. This strategy might not sufficiently take into account region-specific economic structures. In this paper we employ a panel factor-augmented vector autoregression (FAVAR) to evaluate whether...