Does increasing a state’s minimum wage induce migration into the state? Previous literature has shown mobility in response to welfare benefit differentials across states, yet few have examined the minimum wage as a cause of mobility. Focusing on low-skilled immigrants, this paper empirically...

In this paper, I explore the aggregate effects of trade restrictions in a two-country, dynamic, general equilibrium (DGE) model with firm selection and variable adjustment of markup. As a response to the trade collapse in the global crisis of 2008 and 2009, temporary trade restrictions have...

Purpose This paper aims to examine the effects of adding non-tradable sector and trade in intermediate goods sector and their impact on the “Backus-Smith” (BS) puzzle and the features of the non-tradable output. Conventional international real business cycle models show that the real...