Braun, Sebastian; Spielmann, Christian - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-30, pp. 1-42
policies can thus entail spill-overs, which suggest that there are benefits from international policy coordination. This paper … studies the effects of wage subsidies in an international duopoly model with unionized labour markets. The authors document … both positive and negative spill-over effects and discuss the benefits and costs from international policy coordination …