01840cas a2200265 a 4500 AALejournalIMF011722 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463938420 1018-5941 BD-DhAAL BD-DhAAL Furceri, Davide. Crises, Labor Market Policy, and Unemployment / Davide Furceri, Lorenzo E. Bernal-Verdugo, Dominique Guillaume. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using a sample of 97 countries spanning the period 1980?2008, we estimate that financial crises have a large negative impact on unemployment in the short term, but that this effect rapidly disappears in the medium term in countries with flexible labor market institutions, whereas the impact of financial crises is less pronounced but more persistent in countries with more rigid labor market institutions. These effects are even larger for youth unemployment in the short term and long-term unemployment in the medium term. Conversely, large upfront, or gradual but significant, comprehensive labor market policies have a positive impact on unemployment, albeit only in the medium term. Mode of access: Internet Bernal-Verdugo, Lorenzo E. Guillaume, Dominique. IMF Working Papers; Working Paper ; No. 2012/065 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/065/001.2012.issue-065-en.xml IMF e-Library