We explore the implications of trade liberalization in economies with State Owned enterprises (SOEs) and shirking. SOEs are modelled as controlled by the members of the enterprise who determine output and effort levels, while facing output prices and wage rates set by government. Enterprise...

This paper formalizes and assesses empirically the implications of widely observed evidence for downward nominal wage rigidity (DNWR). It shows how a model of DNWR informed by diverse evidence for worker resistance to nominal wage cuts is nevertheless consistent with weak macroeconomic effects....

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Durch die Etablierung des Leitbilds "Nachhaltige Entwicklung" entstehen neue Anforderungen an die Evaluatoren. Aus der Europäischen Umweltpolitik kann gleichzeitig eine Verpflichtung zur Evaluation der Nachhaltigkeit von Politiken und Programmen abgeleitet werden. Durch den Wandel in der...