This paper investigates a dynamic general equilibrium model with search. In particular, search externalities are reßected by an increasing returns to scale matching function, which may imply an indeterminate equilibrium. Hence, the model is capable to generate business ßuctuations, driven by...

This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment rate) in which equilibrium selection is not conditioned on a sunspot variable. Instead, large enough shocks initiate unavoidable transitions from one regime to the other. The...

In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. Then, it estimates a set of structural parameters...

The following report intents to describe the matrimonial property law in Austria. Austrian matrimonial property law to a large extent is settled law. Although very important for marriage this area of law compared to marriage and divorce law is of less interest to legal literature. Only recently...

This Addendum intents to amend the original study on u0093Comparative Law on the Rules Governing Conflicts of Jurisdiction and Laws on Matrimonial Property Regimes and the Implications for Property Issues of the Separation of Unmarried Couples in the Member Statesu0094 prepared in May 2002. The...