Fig. 2
From: Shifts in euro area Beveridge curves and their determinants
Summary of Beveridge curve developments. Notes: Elasticity (y-axis) defined as the total change in unemployment divided by the total change in labour shortages: |Δ U/Δ L S|. Both in percentage points. Germany (crisis—13) and Italy (02–crisis) have both declining labour shortages and declining unemployment. Sources: Eurostat, European Commission, own calculations