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Title: European Unemployment Revisited: Shocks, Institutions, Integration

Author(s): Giuseppe Bertola

Publication Date: November 2016

Keyword(s):

Programme Area(s): Labour Economics

Abstract: This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and institutions, and runs it on recent data featuring dramatic shocks and controversial institutional change. Theoretical insights and empirical results suggest that reforms and capital flows contribute sensible and interrelated explanations for the recent twists and turns of unemployment rates in Europe and elsewhere.

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Bibliographic Reference

Bertola, G. 2016. 'European Unemployment Revisited: Shocks, Institutions, Integration'. London, Centre for Economic Policy Research. http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=11606