When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages....

When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages....

Analyses of the effects of trade policies focus on comparisons of two different steady states, restricting the investigation to the...

Why are empirically observed tariffs so much lower than theoretically calculated Nash-equilibrium tariffs? We argue that this gap can...

Recently, the world economy has seen its greatest down turn since World War II. Although not as bad as during the Great Depression,...

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and...

We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and...

Should governments only purchase domestic goods to increase welfare? And would government spending be higher were it only used for...

In the presence of increasing specialization of workers it becomes more and more difficult for firms to find the most suitable...

In the presence of increasing specialization of workers it becomes more and more difficult for firms to find the most suitable...

By concentrating the stimulus on the domestic economy, Buy National clauses are argued to lead to higher fiscal multipliers. We show...

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may...

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may...

Recent theoretical literature studies how labor market reforms in one country can affect labor market outcomes in other countries,...

Critics of the proposed Transatlantic Trade and Investment Partnership (TTIP) dismiss its potential welfare gains as small compared...

The quantitative trade literature often does not distinguish between tariffs and iceberg trade costs. This paper explores...

The paper sets up a two-country asymmetric trade model with heterogeneous firms, search frictions and endogenous labor market...

We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of...

Recent theoretical literature studies how labor market reforms in one country can affect labor market outcomes in other countries,...