Median voter theory applied to trade policy predicts positive tariffs in capital-abundant countries and negative … tariffs in labor-abundant countries. Negative tariffs are rare, and this paper reconciles the median voter theory with …

This study analyzes a two-country dynamic general equilibrium model with nominal rigidities, monopolistic competition …

positive aspects of the theory of currency unions, emphasizing the need for a unified welfare-based framework to weigh their …

A two-country model with monopolistic competition and price stickiness is employed to investigate the implications for … the costs of policy competition and of a monetary union are sensitive to the values assumed for the intertemporal and …

What are the macroeconomic implications of changes in sovereign risk premia? In this paper, I use a novel … sovereign risk premia were an important driver of the economic dynamics of crisis-hit countries, explaining 30-50% of the … forecast error of unemployment. I also shed light on the mechanisms through which this occurs. Fluctuations in sovereign risk …