While unemployment rates in Europe declined after the global financial crisis until 2018/19, the incidence of long …

This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging … economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years … but remains significant, especially in Eastern Europe. In the emerging European economies, the key determinants of shadow …

.S. regions and across Europe using a multivariate vector autoregression technique. The paper finds inflexible real wages in all … force to employment shocks is much greater in the United States compared to Europe. The strong labor force response in the … United States prevents any persistence in relative regional unemployment rates whereas the lack of mobility in Europe results …

a set of 21 Europe countries, we show that while the short-term response of participation rates to labor demand shocks … is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time …

, Europe and Japan allowing for fiscal multipliers to vary across recessions and booms. We also estimate ex ante probabilities …

to explain CDS spreads of sovereigns in peripheral Europe - the model specification should be cognizant of the under …

-stock model where supply shocks dominate. In contrast to the United States, inventories boost growth with a one-year lag in Europe …

This paper presents novel empirical evidence on the labor market integration of migrants across Europe. It investigates …

in Europe. It documents that migration played a significant role in alleviating aging pressures on labor supply by …