This paper discusses the issue of regulatory protectionism and its implication for reciprocity and international bargaining on regulation. In a simple two way trade model a la Brander and Spencer, we take into account the three following features of regulatory measures: a) a regulation raises...

In this paper we study expectations coordination on the stationary state in a one dimensional economy. We allow for two sources of heterogeneity : the first concerns the fundamentals of the economy, the second the adaptive learning rules. Specifically we consider heterogeneous adaptive learning...

We construct indicators of the perception of job security for various types of jobs in 12 European countries using individual data from the European Community Household Panel (ECHP). We then consider the relation between reported job security and the OECD summary measures of Employment...

The paper uses an overlapping generations model to analyse the problem of a benevolent planner determining the pay-as-you-go tax rate and the level of funded savings, in an economy where both are policy variables. We characterize the conditions under which it is desirable to have both a positive...