During deep crisis the temptation to enact protectionist measures is especially strong. Protectionist measures are hard to draw...

This paper analyzes Germany’s unusual labor market experience during the Great Recession. We estimate a general equilibrium model with...

We analyze the implications of trend growth for optimal monetary policy in the presence of search and matching unemployment. We show...

The authors develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers...

This paper analyzes Germany’s unusual labor market experience during the Great Recession. We estimate a general equilibrium model with...

Even though economists keep on emphasising the benefi ts of international trade, protectionism is on the rise in many industrialised...

Kiel Policy Brief No. 5

Kiel Policy Brief No. 70: The authors Sebastian Braun, Wolfgang Lechthaler and Mariya Mileva show that trade liberalization increases...

Recession has put many Eurozone labor markets under stress, particularly those in Mediterranean countries that have inflexible...

This paper characterizes long-run and short-run optimal fiscal policy in the labor selection framework. In a calibrated non-Ramsey...

In-Depth Analysis in preparation for the Monetary Dialogue for the European Parliament in September 2015 ...

We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous...

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

We analyze the implications of changes in the trend growth rate for optimal monetary policy in the presence of search and matching...

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep...

We use a dynamic trade model with two sectors and two types of workers to analyze the optimal setting of income-generating tariffs....

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....