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

This paper analyses the labour markets of Spain and Ireland, which have experienced a severe downturn in the recent … global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and …

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 …

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked …