state equilibrium is a saddle. …

elasticities of the crucial functions defining the aggregate equilibrium dynamics of the model. This allows us to study how market …

the partial equilibrium of the labor market after the supply reactions. …

Mircrosimulation models (MSM) and Computable General Equilibrium models (CGE) have both been widely used in policy … modelling flat tax reform proposals for Germany. Taking the general equilibrium effects into account has important implications …

We examine wage bargaining when employers and labor unions do not always take all general equilibrium effects into … account but learn a steady state. If agents do hardly consider general equilibrium effects, low real wages and low … unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and …

general equilibrium effects may be important for the evaluation of industry-specific regulations. In particular, we suggest … that the European unemployment problem can be traced back partially to insufficient recognition of general equilibrium … effects. Moreover, unawareness of general equilibrium effects may be an explanation of why regulations are introduced and why …

the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping …

II. We develop a quantitative dynamic general equilibrium model with endogenous fertility and female labor …. In our calibrated model, this general-equilibrium effect generates a substantial baby boom followed by a baby bust, as …