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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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