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General Equilibrium with Wage Rigidities: An Application to Belgium

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Author Info
Victor Ginsburgh (Universite Libre de Bruxelles)
Ludo Van der Heyden (Yale School of Organization & Management)

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Abstract

This paper concerns an application to the Belgian economy of general equilibrium analysis in the presence of downward real wage rigidities. The model aims at explaining the short-run impact of recent income and exchange policies upon employment in Belgium. Mathematical programming techniques are used to compute equilibria.

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Publisher Info
Paper provided by Cowles Foundation, Yale University in its series Cowles Foundation Discussion Papers with number 720.

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Length: 28 pages
Date of creation: Aug 1984
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Publication status: Published in Mathematical Programming Study (1985), 23: 23-39
Handle: RePEc:cwl:cwldpp:720

Note: CFP 633.
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

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  1. Dreze, Jacques H, 1975. "Existence of an Exchange Equilibrium under Price Rigidities," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 16(2), pages 301-20, June. [Downloadable!] (restricted)
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This page was last updated on 2009-12-22.

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