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Intra-Industry Trade, Involuntary Unemployment and Macroeconomic Stability

Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021

indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country …, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and … fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative …

Persistent link: https://www.econbiz.de/10012497948

Market distortions and local indeterminacy: A general approach

Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - 2011

We provide a methodology to study the role of market distortions on the emergence of indeterminacy and bifurcations … classes of distortions responsible for indeterminacy. Our methodology consists in introducing general specifications for the … distortions influence the range of values for the elasticity of inputs substitution under which local indeterminacy and …

Persistent link: https://www.econbiz.de/10010278392

Market Distortions and Local Indeterminacy: A General Approach

Lloyd-Braga, Teresa; Modesto, Leonor; Seegmuller, Thomas - Institute for the Study of Labor (IZA) - 2011

Persistent link: https://www.econbiz.de/10008922965

Employment Dynamics and Redistributive Policies under Workers' Social Norms

Dos Santos Ferreira, Rodolphe; Lloyd-Braga, Teresa; … - 2014

multiplicity of equilibria and somewhat facilitate the emergence of indeterminacy and flip bifurcations, constituting therefore a …

Persistent link: https://www.econbiz.de/10010329030

Employment Dynamics and Redistributive Policies under Workers' Social Norms

Dos Santos Ferreira, Rodolphe; Lloyd-Braga, Teresa; … - Institute for the Study of Labor (IZA) - 2014

multiplicity of equilibria and somewhat facilitate the emergence of indeterminacy and flip bifurcations, constituting therefore a …

Persistent link: https://www.econbiz.de/10010884212

Can taxes stabilize the economy in the presence of consumption externalities?

Lloyd-Braga, Teresa; Modesto, Leonor - 2012

Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of the keeping up with the Joneses type. We find that sufficiently procyclical labor and/or capital...

Persistent link: https://www.econbiz.de/10010289988

Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?

Lloyd-Braga, Teresa; Modesto, Leonor - Institute for the Study of Labor (IZA) - 2012

Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of the "keeping up with the Joneses" type. We find that sufficiently procyclical labor and/or capital...

Persistent link: https://www.econbiz.de/10010578209

Stability and Dynamics in an Overlapping GenerationsEconomy with Flexible Wage Negotiations

Koskela, Erkki; Puhakka, Mikko - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We analyze the stability and dynamics of an overlapping generations model with imperfectlycompetitive labour markets...

Persistent link: https://www.econbiz.de/10005860766

A Pure Theory of Population Distribution When Preferences Are Ordinal

Stark, Holger; Kosiorowski, Grzegorz - 2023

We model an environment in which individuals prefer to be in a space in which their rank is higher, be it a social space, a geographical space, a work environment, or any other comparison sphere which we refer to in this paper, and without loss of generality, as a region. When the individuals...

Persistent link: https://www.econbiz.de/10014296667

The Pure Effect of Social Preferences on Regional Location Choices: The Evolving Dynamics of Convergence to a Steady State Population Distribution

Stark, Oded; Budzinski, Wiktor; Kosiorowski, Grzegorz - 2019

This paper tracks the consequences of individuals' desire to align their location with their social preferences. The social preference studied in the paper is distaste for relative deprivation, measured in a cardinal manner. Location is conceived as social space, with individuals choosing to...

Persistent link: https://www.econbiz.de/10012006031