I study a general equilibrium menu cost model with a continuum of sectors, idiosyncratic and aggregate shocks, and the novel feature that each sector consists of strategically engaged firms. Compared to an economy with monopolistically competitive sectors—separately parameterized to match the...

In this paper the impact of removing all Tunisian tariffs on imports from EU, while maintaining protection on imports from the rest of the world, is evaluated using computable general equilibrium (CGE) models. Either competitive or Cournot oligopolistic commodities market structures with and...

This paper analyses the effects of the COVID-19 pandemic shock on small open economies in a monetary union with an application to the euro area. Accounting for a high degree of openness and a strong dependence on intra and extra union trade, we focus on the size and the direction of...