Concept
Wage
Related publications (9)
‘Monsieur, I have a wife and child, a house and a garden, et alors?’
Marshall Plan, officially operated from 1948 to 1952 for reconstruction and development in Europe and non-European countries such as Turkey and Switzerland, marks the Cold War economy-political and foreign policy of the US. Referred by its bureaucrats as “ ...
2023Optimal exchange rate flexibility with large labor unions
Luisa Lambertini, Vincenzo Cuciniello
We study the optimal volatility of the exchange rate in a two-country model with sectoral non-atomistic wage setters, non-traded goods, nominal rigidities and alternative pricing assumptions – producer or local currency pricing. Labor unions internalize th ...
Elsevier2016Trade policy: Home market effect versus terms-of-trade externality
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 ...
Elsevier2014Deep Habits, Price Rigidities and the Consumption Response to Government Spending
This paper inspects the 'deep' habits mechanism originally used by Ravn, Schmitt-Grohé and Uribe (2006) to generate the positive comovement of public and private consumption observed in many VAR studies. In their set-up, the price-elasticity of demand is p ...
Ghent University Faculty of Economics and Business Administration Working Paper 2010/6412011