subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium … what economists tell us, demand, supply and equilibrium do not carry over to the actual world: they cannot be empirically …

to substantial differences in labor-market equilibrium between bargained and posted wages. The fraction of workers hired … away from existing jobs is another key determinant of equilibrium, because a worker with an existing job has a better …

This paper examines the equilibrium effects of alternative financial aid policies intended to promote college …

The ultimate object of research concerning the Euro is to answer the following questions: (#1) What is the equilibrium … trajectory of the nominal euro, measured as dollars/euro? (#2) To what extent has the equilibrium nominal euro been determined by …

This paper is a step in the direction of a larger research project aimed at determining the long run equilibrium value …