credit are used in a double entry ledger account to record the transactions of Greece in relation to a foreign country. A … deflationary policy that reduces the level of aggregate demand, growth and inflation and as a result increases unemployment. It is … increase the level of aggregate demand, the level of economic growth, but it could create higher inflation. For example, an …

bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set … increases utility. It is assumed that each variety is owned by a monopoly. Workers can specialize in material goods production … knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with …

We apply a monopoly trade union model and analyze employment, wage and budgetary effects of (i) an inflow of migrant …

This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … unemployment rate. In line with theory, we find that firms possess more monopsony power during economic downturns, which shows to … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …