In this paper we investigate "integrated equilibria" of two-country models. Extending the basic framework non-traded goods as well as minimum wages are introduced and their effects on the models' results are studied. Finally, the consequences of three types of labor "shocks" are analyzed.

In this paper we investigate "integrated equilibria" of two-country models. Extending the basic framework non-traded goods as well as minimum wages are introduced and their effects on the models' results are studied. Finally, the consequences of three types of labor "shocks" are analyzed.

Der vorliegende Beitrag präsentiert eine Darstellung der ökonomischen Wirkungsmechanismen der COVID-19-Pandemie und stellt diese den Spezifika der liechtensteinischen Volkswirtschaft gegenüber. Dabei werden einerseits die zu erwartenden kurzfristigen wirtschaftlichen Effekte der Pandemie in...