Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It … declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that … money has nothing to do with traded output, but everything to do with storing value. But now a new trade theory takes over …

increasing the number of workers embedded in the social networks can increase the unemployment rate and decrease workers welfare …

The framework of a general equilibrium heterogeneous agent model is used to study the optimal design of an unemployment … insurance (UI) scheme and the voting behaviour on unemployment policy reforms. In a first step, the optimal defined benefit and …

work in process inventory levels, under a particular risk allowance and a particular environmental scenario. This work …

distribution of unemployment rates across networks. We emphasize that wage dispersion arises endogenously as the consequence of the … necessary induce stickiness in unemployment dynamics. Our endogenous matching technology shows that the effects of networks on …

I investigate to what degree differences in retraining opportunities are responsible for the divergence of unemployment … becomes more difficult to find suitable retraining programs, enrollment rates, productivity and the unemployment rate decline …), I find that the generosity of unemployment benefits, the main driving force in their model, is not an important …

peculiar to barter, and that money overcomes this inconvenience. This is a fallacy. It prevents the development of a theory of … unemployment, undue instability, and excess debt. …

unemployment. The public sector is decomposed into general government and an unfunded pension system with a tax benefit linkage … effects. They strengthen labor supply both in terms of job search intensity, leading to lower unemployment rates, and hours …

In this paper, the effects of alternatives to finance unemployment benefits on employment and wages are examined in a … model with search generated equilibrium unemployment. It is demonstrated that employment improves if a value--added tax is …