The “conservative central banker” has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...

Mit der Bürgerarbeit hat die Bundesagentur für Arbeit scheinbar die Erfolgsformel gegen die Arbeitslosigkeit entdeckt: Langzeitarbeitslose finden wieder geregelte Arbeit, der Fiskus wird nicht belastet und Firmen müssen keine Konkurrenz befürchten, da nur marktferne Tätigkeiten in der...

Mit der Bürgerarbeit hat die Bundesagentur für Arbeit scheinbar die Erfolgsformel gegen die Arbeitslosigkeit entdeckt: Langzeitarbeitslose finden wieder geregelte Arbeit, der Fiskus wird nicht belastet und Firmen müssen keine Konkurrenz befürchten, da nur marktferne Tätigkeiten in der...

The "conservative central banker" has come under attack recently. Explicitly modeling the interaction of a trade union with monetary policy, it has been argued that the standard solution to the inflationary bias in monetary policy might actually be welfare reducing if the trade union has an...

This paper develops a model of a small open economy that produces an export good with domestic labour and imported energy and is stuck in an unemployment situation resulting from an excessive fixed net-of-tax wage rate. We study a revenue-neutral green tax reform that substitutes energy for wage...

This paper investigates the effects of labor market integration, in the form of worker mobility, in a model with long-term labor contracts that lead to wage rigidities and unemployment. Increased mobility leads to more flexible labor market institutions in which firms can more easily vary the...