“...Most European countries suffer from a structural weakness in employment and competitiveness. Can an optimal tax system reinforce European countries in this...”

“...We use a structural macroeconomic model with search and matching frictions on the labour market to analyse the differences in the business cycle fluctuations...”

“...In this paper, we develop heterogeneous agent models with equilibrium unemployment to study the optimal taxation and labour wedge. We find that the the...”

“...We use a structural macroeconomic model with search and matching frictions on the labour market to analyse the di?erences in the business cycle ?uctuations of...”

“...Corporate profit is six times more volatile than output. We estimate a dynamic general equilibrium model with intangible capital (IC) using aggregate data on...”

“...Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that...”

“...Employment and hours are more cyclical than dictated by productivity and consumption. This intratemporal labor wedge can arise from product or labor market...”

“...The after-tax labor wedge is defined as the log difference between the MRS and the MPL excluding taxes. This article introduces the data and approach that are...”

“...This note studies a form of a utility function of consumption with habit and leisure that (a) is compatible with long-run balanced growth, (b) hits a steady...”

“...•TFP and financial shocks can explain the consumption-real-exchange rate anomaly.•The real exchange rate depreciates following a positive temporary TFP...”