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The recent revival of self-employment in the UK and other advanced industrialized economies has been viewed contrastingly as an indication of economic vitality and, alternatively, as a form of labour market deficiency. These different perceptions rest essentially on two opposing processes of...
Persistent link: https://www.econbiz.de/10010891451
The debate about Basic Income (BI) has hitherto been preoccupied with questions of desirability. To correct this imbalance and to throw light on the problems of winning political support for BI, this article considers whether BI is viable. At this stage, the exercise is necessarily speculative,...
Persistent link: https://www.econbiz.de/10005458829
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The paper examines the impact of trade integration and product market competition on firms' price setting behaviour and the degree of price stickiness. The analysis is based on a New-Keynesian open-economy DSGE model with variable desired mark-ups and Calvo price setting in which the frequency...
Persistent link: https://www.econbiz.de/10011124071
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