This report provides an introduction to personnel training (on-the-job training) literature in the economics field. Theoretical models dealing with the initiation of training programmes and their effects on pay at the individual level are discussed, and empirical research on wage effects is...

This paper explores the implications of Unified Growth Theory for the origins of existing differences in income per capita across countries. The theory sheds light on three fundamental layers of comparative development. It identifies the factors that have governed the pace of the transition from...

Globalization has led to a vast flow of migration of workers but also of students. The purpose of this paper is to analyze the migration of individuals encompassing decisions already at the level of education. We develop a unified brain drain model that incorporates the decisions of an...

This paper uses highly detailed, quarterly data for five major industrialized economies to estimate the impact of macroeconomic fluctuations on import protection policies over 1988:Q1 - 2010:Q4. First, estimates on a pre-Great Recession sample of data provide evidence of two key relationships....

This paper develops a small-scale two country model following the New Open Economy Macroecoenomics paradigm. Under autarky the model specializes to the familiar three equation New Keynesian dynamic stochastic general equilibrium (DSGE) model. We discuss two challenges to successful estimation of...

Comment on Trade and Investment: An American Perspective by G. Hufbauer and F. Neumann Old and New Issues in EC-US Trade Disputes by André Sapir

If firms borrow working capital to finance production, then nominal interest rates have a direct influence on inflation dynamics, which appears to be the case empirically. However, interest rates may only partly mirror the cost of working capital. In this paper we explore the role of bank...