A comment to the reply to "banking crises, labor reforms, and Unemployment: A Comment"

This paper nuances the Bernal-Verdugo, Furceri and Guillaume (2015) estimation results which replicate Bernal-Verdugo, Furceri and Guillaume (2013) findings using corrected data. It highlights the differences in the empirical results across the two papers which are due to data changes, and suggests that the understanding of which labour market reforms are desirable still remains opaque. Journal of Comparative Economics 43 (4) (2015) 1148-1149. (C) 2015 Published by Elsevier B.V. on behalf of Association for Comparative Economic Studies.