reimbursed by their domestic costs; what categories of goods are excluded from the reform; how the government uses the revenues … easy it is to replace imported goods by domestic production; whether US trading partners retaliate, and how financial …

from business cycle fluctuations and long-term monetary neutrality. We develop a NK framework with labour market frictions …

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … unskilled workers. Skill mismatch and skill-specific labour market institutions have three main effects on business cycles and … growth dynamics. First, as the composition of labour market skills leads to supply segmentation, the relative scarcity of …

. In this framework, product market regulations raise barriers to entry that hinder the development of sectors with income … negative association between product market regulations and the employment rate previously found in the literature. …