A reply to "banking crises, labor reforms, and unemployment: A comment"

Davide Furceri, Davide Furceri, Lorenzo E. Bernal-Verdugo, Dominique Guillaume

Risultato della ricerca: Articlepeer review

2 Citazioni (Scopus)


Aleksynka (2015) points to some important methodological flaws in the labor market indicators data used in Bernal-Verdugo, Furceri and Guillaume (2013) [BFG]. This paper revisits the empirical findings presented in BFG, and shows that the results and conclusions are little affected by these methodological flaws. In particular, we find that: (i) while in countries with more flexible labor markets the impact of banking crises is sharper but short-lived, in countries with more rigid labor markets the effect is initially more subdued but highly persistent; (ii) comprehensive labor market reforms have a positive impact on unemployment, albeit only in the medium term.
Lingua originaleEnglish
pagine (da-a)1142-1147
Numero di pagine6
RivistaJournal of Comparative Economics
Stato di pubblicazionePublished - 2015

All Science Journal Classification (ASJC) codes

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