We adopt a general equilibrium approach in order to measure the effects of recent immigration on the Western German labor market, looking at both wage and employment effects. Using the Regional File of the IAB Employment Subsample for the period 1987-2001, we find that the substantial...

This paper contributes to the debate on the design of a centralised fiscal tool absorbing country-specific negative shocks in the euro area. Based on theoretical insights, it identifies the broad characteristics that a shock absorber based on unemployment should have in order to be...

Italy is not immune from the long term process towards greater bargaining decentralization under way in Western Europe. The article surveys the main actions, either defined by social partners or by government intervention, which have attempted to encourage this process in recent years, without...