“...Trade liberalization can imply slow and long adjustment processes. Taking account of these adjustment processes can change the evaluation of trade policy,...”

“...We use a dynamic trade model with two sectors and two types of workers to analyze the optimal setting of income‐generating tariffs. We study dynamic and...”

“...In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment...”

“...ABSTRACT This paper analyses the effect of downwards wage rigidity on wage setting, wage compression and firm training. It is shown that downwards wage...”

“...Even though economists keep on emphasising the benefits of international trade, protectionism is on the rise in many industrialised countries. The authors...”

“...We study optimal monetary policy and welfare properties of a dynamic stochastic general equilibrium (DSGE) model with a labor selection process, labor turnover...”

“...Analyses of the effects of trade policies focus on comparisons of two different steady states, restricting the investigation to the long run. In order to...”

“...Recent theoretical literature studies how labour market reforms in one country can affect labour market outcomes in other countries, thereby rationalizing...”

“...We build quadratic labor adjustment costs into an otherwise standard New Keynesian model of the business cycle and show that this increases output persistence...”

“...How do changes in labor market institutions, like more generous unemployment benefits in one country, affect labor market outcomes in other countries? We set...”