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Consider the model of industry protection of Grossman and Helpman. There are two industries A and B, each producing good X and Y respectively. All other things being equal, the dem
how wage increase of fixed income groups'' will affect the overall economy? what are effects exactly?
Characteristics of IS Curve
This variant of coordination problem seeks the answer to why some countries fail to grow when public and private rent seeking makes property rights insecure. One reason is that re
A change in the legal statute may be able to force an equilibrium if it leads to a new equilibrium which implies some revised belief which sustains the equilibrium. Tirole (1996)
summarize the basic tenets of mark davis arguments
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Question 1: i. Explain the likely effects of a recession on a government's budget? ii. How is the operation of fiscal policy supposed to affect the level of economic activ
describe and illustrate the lm-schedule
general equilibrium analysis of taxation in shven and whalley (1984) article
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