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70 Results

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  • Experts

    • Wolfgang Lechthaler (70)
    • Mario Larch (17)
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  1. Working Paper

    Endogenous Growth, Skill Obsolescence and Optimal Monetary Policy

    11/2021
    Download
    Wolfgang Lechthaler, Mewael F. Tesfaselassie

    We analyze Ramsey optimal monetary policy in a New-Keynesian model with search and matching frictions featuring (i) training costs due to...

  2. Journal Article

    Smoothing the adjustment to trade liberalization

    Empirica (Journal of European Economics)
    11/2020
    Download
    Wolfgang Lechthaler, Mariya Mileva

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

  3. Journal Article

    The Role of Labor Market Institutions in the Great Recession

    Applied Economics Quarterly Supplement
    09/2010
    Jens Boysen-Hogrefe, Dominik Groll, Wolfgang Lechthaler ...

    The recent Great Recession had very heterogeneous effects on the labor markets in industrialized countries. We analyze the role of three labor...

  4. Working Paper

    Unemployment in an Interdependent World

    Kiel Working Papers
    01/2009
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    Gabriel Felbermayr, Mario Larch, Wolfgang Lechthaler

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

  5. Policy Article

    Time for a new Industrial Policy? (in German)

    Kiel Policy Brief
    03/2019
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    Dirk Dohse, Gabriel Felbermayr, Holger Görg ...

    Kiel Policy Brief No. 122: In their paper, the authors warn of a new trend towards autarky under the catchword of "technology sovereignty",...

  6. Journal Article

    The dynamic and distributional aspects of import tariffs

    International Economic Review
    09/2020
    Wolfgang Lechthaler, Mariya Mileva

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

  7. Working Paper

    Endogenous Growth, Skill Obsolescence and Output Hysteresis in a New Keynesian Model with Unemployment

    Kiel Working Papers
    08/2020
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    Wolfgang Lechthaler, Mewael F. Tesfaselassie

    We embed human capital-based endogenous growth into a New-Keynesian model with search and matching frictions in the labor market and skill...

  8. Working Paper

    The dynamic and distributional aspects of import tariffs

    Kiel Working Papers
    05/2017
    Download
    Wolfgang Lechthaler, Mariya Mileva

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

  9. Contribution

    The Threats of Protectionism in Deep Crises

    Kieler Beiträge zur Wirtschaftspolitik
    06/2020
    Wolfgang Lechthaler

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

  10. Journal Article

    A Note on Trend Growth, Unemployment and Optimal Monetary Policy

    Macroeconomic Dynamics
    06/2019
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    Wolfgang Lechthaler, Mewael Tesfaselassie

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

  11. Policy Article

    The Effects of Globalization on Wage Inequality: New Insights from a Dynamic Trade Model with Heterogeneous Firms

    Kiel Policy Brief
    02/2014
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    Sebastian Braun, Wolfgang Lechthaler, Mariya Mileva

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

  12. Employment protection has to be harmonized within the Eurozone

    Kiel Focus
    02/2013
    Wolfgang Lechthaler, Christian Merkl, Ester Faia

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

  13. Journal Article

    Optimal Fiscal Policy with Labor Selection

    Journal of Economic Dynamics and Control
    04/2019
    Sanjay K. Chugh, Wolfgang Lechthaler, Christian Merkl

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

  14. Working Paper

    Smoothing the adjustment to trade liberalization

    Kiel Working Papers
    08/2014
    Download
    Wolfgang Lechthaler, Mariya Mileva

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

  15. Journal Article

    Labor-Market Institutions and their Impact on Trade Partners: A Quantitative Analysis

    Canadian Journal of Economics
    12/2015
    Mario Larch, Wolfgang Lechthaler, Gabriel Felbermayr

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

  16. Journal Article

    The German Labor Market During the Great Recession: Shocks and Institutions

    Economic Modelling
    05/2019
    Britta Gehrke, Wolfgang Lechthaler, Christian Merkl

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

  17. Journal Article

    Trade Liberalization and Wage Inequality: New Insights from a Dynamic Trade Model with Heterogeneous Firms and Comparative Advantage Review of World Economics

    Review of World Economics
    03/2019
    Wolfgang Lechthaler, Mariya Mileva

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

  18. Working Paper

    The German Labor Market During the Great Recession: Shocks and Institutions

    IAB discussion paper
    04/2017
    Britta Gehrke, Wolfgang Lechthaler, Christian Merkl

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

  19. Policy Article

    Who Benefits from Trade Wars?

    Intereconomics
    01/2018
    Wolfgang Lechthaler, Mariya Mileva

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

  20. Policy Article

    Is nominal GDP targeting a suitable tool for ECB monetary policy

    09/2015
    Claire Boeing-Reicher, Wolfgang Lechthaler, Mewael Tesfaselassie

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