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unemployment, and interregional labour migration. The RHOMOLO model is parameterised by estimating the key structural parameters … assess the impact on regional labour markets. Our results confirm that wages and unemployment are by far the most important … channels of adjustment to macro-economic and policy shocks in the EU. In contrast, labour migration plays a secondary role in …
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Many countries shift substantial public resources across jurisdictions to mitigate spatial economic disparities. We use a general equilibrium model with multiple asymmetric regions, labor mobility, and costly trade to carve out the aggregate implications of fiscal transfers. Calibrating the...
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Many countries operate pronounced fiscal equalization schemes that shift tax revenue across jurisdictions. We use a general equilibrium model with multiple asymmetric regions, costly trade and labor mobility to carve out the aggregate implications of this policy. Calibrating the model for...
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