This paper lays out a simple open economy macromodel based on the recent literature on imperfect competition and equilibrium unemployment. It is shown that the NAIRU is not a clearcut concept in the open economy framework. Furthermore, it is argued that the self-correcting mechanisms in the...

The Technology Transfer Challenge -- List of Contributors -- Part 1 -- Inventions and their commercial exploitation in German universities: Analyzing determinants among academic researchers -- Do startups benefit from incubation? An analysis of startups’ absorptive capacity -- Absorptive...