Product and labor market deregulation are fundamentally about reducing and redistributing rents, leading economic … players to adjust in turn to this new distribution. Thus, even if deregulation eventually proves beneficial, it comes with … regulation as determining both the entry costs faced by firms, and the degree of competition between firms. We think of labor …

strives to partly redress this lacuna on the theory side by introducing three novel political economy mechanisms with …

The wave of crises that began in 2008 reheated the debate on market deregulation as a tool to improve economic …, and price and wage rigidities. Regulation affects producer entry costs, employment protection, and unemployment benefits …. We first characterize optimal monetary policy when regulation is high in both countries and show that the Ramsey …

regulation took effect. I find that strategic firms reduced their emissions by approximately 20% relative to other firms and …

business cycle conditions at the time of deregulation significantly affect adjustment. A reduction of firing costs entails …