Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5055417 | Economic Modelling | 2011 | 11 Pages |
Abstract
⺠Luxembourg is a small open economy with some particular features. ⺠We focus on limited competition, strong union power, and segmented labor markets. ⺠We develop a medium-scale DSGE model that captures these features and calibrate it. ⺠The calibrated model is used to conduct some policy experiments.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Szabolcs Deák, Lionel Fontagné, Marco Maffezzoli, Massimiliano Marcellino,