Schmerer, Hans-Jörg - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-37, pp. 1-39
This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (Job Creation and Job Destruction in the Theory of Unemployment, 1994) give rise to unemployment and a channel for the government to...
