Deák, Szabolcs; Fontagné, Lionel; Maffezzoli, Marco; … - In: Economic Modelling 28 (2011) 6, pp. 2862-2872
Luxembourg is a small open economy with a set of particular features, including rather limited competition in the domestic goods market, strong union power, and a segmented labor market for resident and non-resident workers. In this paper we develop a medium scale DSGE model that captures these...