Historically coal has offered both benefits and costs to urban areas. Benefits include coal's role in fueling industry and thus employment. The primary costs are air pollution and its impact on human health. This paper starts by using a Rosen-Roback style model to examine how differences in...

We estimate a New Keynesian small open economy model which allows for foreign exchange (FX) market frictions and a potential role for FX interventions for a large set of emerging market economies (EMEs) and some inflation targeting (IT) advanced economy (AE) countries serving as a control group....

This paper discusses GTAP-L, an extension of the GTAP model that allows for the analysis of U.S. simulated unemployment effects in trade scenarios. The market clearing condition in the standard GTAP model which equates vacancies to separations was replaced with a matching function. In a matching...

In dynamic environments, Q-learning is an adaptative rule that provides an estimate (a Q-value) of the continuation value associated with each alternative. A naive policy consists in always choosing the alternative with highest Q-value. We consider a family of Q-based policy rules that may...

This paper integrates labor market power and occupational choice, specifically the choice between paid employment and self-employment, to examine the mutual effects between the two. Neglecting the consideration of occupational choice leads to upwardly biased estimates regarding the influence of...