Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/149257
Authors: 
Bertola, Giuseppe
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 6170
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.
JEL: 
E24
Document Type: 
Working Paper

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