In this paper we investigate whether differences we observe in European labour market transmission mechanisms matter for monetary policy design. We are particularly concerned with the robustness of the choice of rule by the European Central Bank (ECB) but we also comment on the choice of rules...

The policy regime in Europe has put the economy on 'auto-pilot'. We investigate different designs for the required feedback mechanisms. The uncertainty facing an economy depends on the pattern of shocks it faces, the response of the private sector to those shocks and also the policy reactions of...

Models Canada′s Pacific halibut fishery as a non‐zero‐sun on‐co‐operative differential game. Optimal harvesting level are derived under the criterion of profit maximization. Show that optimal aggregate steady‐state fishing effort and yield increase with the number of fishermen...

Models Canada's Pacific halibut fishery as a non-zero-sun non-co-operative differential game. Optimal harvesting level are derived under the criterion of profit maximization. Show that optimal aggregate steady-state fishing effort and yield increase with the number of fishermen harvesting the...