期刊名称：Bank of Finland Research Discussion Papers (früher: Bank of Finland Discussion Papers)
印刷版ISSN：0785-3572
电子版ISSN：1456-6184
出版年度：2015
卷号：2015
出版社：Suomen Pankki = Bank of Finland
摘要：This paper analyses euro area Beveridge curves at the euro area ag- gregate and country level over the past 25 years. Using an autoregressive distributed lag model we nd a signi cant outward shift in the euro area Beveridge curve since the onset of the crisis, but considerable heterogene- ity at country level. We test for factors underlying these developments using the local projections method of Jorda (2005). Skill mismatch, high shares of workers in the construction sector, as well as high pre-crisis nancial slack and home ownership rates appear strong determinants of outward shifts in Beveridge curves in response to a negative shock. Higher female participation rates mitigate these e ects.
