Concept

Paul Krugman

Related publications (5)

Financial Stability and the Macroeconomy

The financial crisis of 2007-2009 drew attention to the essential role of banks for the macroeconomy and to the importance of having a resilient financial sector. A vulnerability in the financial sector spills over to the real economy and can drive it into ...

EPFL2018

Congestion and departure time choice equilibrium in urban road networks

Raphael Ali Francis Lamotte

When drivers are regularly faced with congestion, they try to optimize their departure time. If the demand and the road network evolve slowly enough, the entire system may approach an equilibrium, i.e. a state such that no one can be better off by unilater ...

EPFL2018

Trade policy: Home market effect versus terms-of-trade externality

Chiara Forlati

We study trade policy in a two-sector Krugman (1980) trade model, allowing for wage, import and export subsidies/taxes. We study non-cooperative trade policies, first for each individual instrument and then for the situation where all instruments can be se ...

Elsevier2014

Trade Policy: Home Market Effect versus Terms-of-Trade Externality

Chiara Forlati

We study trade policy in a two-sector Krugman (1980) trade model, allowing for production, import and export subsidies/taxes. We consider non-cooperative and cooperative trade policy, first for each individual instrument and then for the situation where al ...

Center for Fiscal Policy Working Paper Series2013

Symbiosis of Monetary and Fiscal Policies in a Monetary Union

Luisa Lambertini

We consider the interaction between the monetary policy in a monetary union, and separate fiscal policies of the member countries. We use a Barro-Gordon type model extended to many countries and fiscal policies. Each country's fiscal policies inflict exter ...

Elsevier2003

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