“...ABSTRACT Theoretical macroeconomic models typically take fiscal policy to mean tax‐and‐spend by a ‘benevolent government’ that exploits potential aggregate...”

“...Using a two-sector–two-country model with aggregate scale economies and unionisation, we show that optimal welfare state policy entails positive levels of...”

“...We examine the relationship between welfare state policies and economic performance in a small open economy with (i) free trade in final goods and...”

“...Within a two-sector-two-country model of trade with aggregate scale economies and unionisation, a more generous welfare state in one country increases welfare...”

“...In a monopolistic competition macromodel with endogenous market structure, the fiscal multiplier is shown to consist of two components. The first depicts the...”

“...► We find that coordination of consumption–leisure decisions lowers equilibrium work hours and raises the wage rate. ► There emerges a U-shaped relationship...”

“...We show that the firm-size distribution is an important determinant of the relationship between an industry's employment and output. A theoretical model...”

“...The lack of coherent time series data for Libya is a serious obstacle for applied research on its economy. An alternative to econometric analysis is to use a...”