More than half of the world's sovereign states are small economies. The majority are in Sub-Saharan Africa and the Caribbean Basin. For small economies, the globalization process involves opportunities, but also important risks because of their vulnerability and lack of diversification. This...

Motivation -- International trade and unemployment - the worker-selection effect -- Unemployment benefits as redistribution scheme for trade gains- a positive analysis -- An optimal redistribution scheme for trade gains.

This book presents a new computational approach to solving large-scale Auerbach-Kotlikoff Overlapping Generations (OLG) models in a complementarity format. Unlike with integrated solution methods, the proposed decomposition algorithm allows for the solution of multi-regional and multi-sectoral...

Production workers continue to be an important group in the economy. Two Centuries of Compensation for U.S. Production Workers in Manufacturing is the first long-run annual series of average hourly compensation for U.S. production workers in manufacturing. Officer reviews both data sources and...

Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...

This book challenges the common perception that significant regional disparities do not exist in small countries. As small developed countries become increasingly competitive and their economic structures resemble those of the large, a re-assessment of the regional consequences of these changes...

The contributors to this edited collection argue that a flexible Job Guarantee program able to react to an economy’s fluctuating need for work would stabilize the labor standard, the value of employment in relation to money. During economic downturns, the program would expand to provide more...

This book investigates the potential of the Spanish Sociedades Laborales (SLs) as an instrument of active labour market policy for re-turning the unemployed to the labour market. SLs are mostly small and micro enterprises and a qualified form of the conventional corporation, majority-owned by...

The contributions to this collection examine the shortcomings of the economic development policies in the MENA region before and after the Arab Spring, with particular attention to the role of gender and the ways in which policies translate into economic outcomes

This book focuses on the implications of the South African labour market dynamics including labour market reforms and fiscal policy for monetary policy and financial stability. Evidence suggests there are benefits in adopting an approach that coordinates labour market policies and reforms,...