with different equilibria descriptive of the labor markets in Spain and France, where the unemployment rates went from the …This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting … unemployment rate in Spain has jumped to much higher levels while switching between equilibria or, what is the same, because of …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … contracts and the less restrictive rules regarding the use of the latter contracts in Spain. Using a calibrated search and …

go to that country, followed by the UK, Germany, France and Spain. The study probably will help better understand the …