I examine the effects of globalization in countries where the employed workers support the unemployed and the governments control wages by regulating the workers' relative bargaining power. I use a general oligopolistic equilibrium model of two integrated countries with two inputs: labor and...

Typically, economics assumes that property rights over productive resources or goods are perfectly defined and costlessly enforced. The costs of insecurity and the resultant conflict are, however, real and often economically significant. In this paper, we examine how international trade regimes...

Transatlantic policy coordination with sticky labour markets : the reality of the real side / A.J. Hughes Hallett and Yue Ma -- Discussion / Nouriel Roubini -- Foreign exchange intervention and international policy coordination : comparing the G3 and EMS experience / Axel A. Weber -- Discussion...