Unemployment in Times of Crisis (Furceri and Mourougane)

"How do institutions affect structural unemployment in times of crisis?", by Davide Furceri and Annabelle Mourougane, was published as OECD Working Paper n.730. They conclude: "Institutions (such as Employment Protection Legislation, average replacement ration and product market regulation) influence both the extent of the initial shock and the adjustment pattern in the afternath of a downturn". (PDF in English) .