LIBROS DEL AUTOR: vasilev aleksandar

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  • Fiscal policy in a dsge model with endogenous public wages and hours
    Vasilev Aleksandar
    Motivated by the high public employment, and the public sector wage premia observed in Europe, a Real-Business-Cycle model, calibrated to German data (1970-2007), is set up with an endogenous private-public sector labor choice. The latter is achieved by the inclusion of a convex transaction cost of government work, generating a wedge between the marginal disutility of an hour w...
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    36,59 €