In this study, a new two-step procedure is followed in order to investigate the degree of labor mobility in Belgium. The first step has led us to describe employment dynamics and to identify permanent and temporary employment shocks at a provincial level via a common trend-common cycle analysis....

In this paper we consider the hypothesis that particular short-run co-movements indicationg that shocks have similar responses might only exist for a particular regime and not for the whole sample. A two-step procedure is set up to test and estimate the multi-regime common cyclical feature. This...

A recursive codependence analysis is proposed for investigating the stability of the activity-unemployment relationship. Besides some noticeable statistical advantages, this new method provides a more accurate evaluation of conjunctural employment policies. It appears that for most countries,...