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General equilibrium with wage rigidities: an application to Belgium

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  • GINSBURGH, Victor
  • VAN DER HEYDEN, Ludo

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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Suggested Citation

  • GINSBURGH, Victor & VAN DER HEYDEN, Ludo, 1985. "General equilibrium with wage rigidities: an application to Belgium," LIDAM Reprints CORE 661, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:661
    DOI: 10.1007/BFb0121024
    Note: In : Mathematical Programming Study, 23, 23-39, 1985
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    References listed on IDEAS

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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 301-320, June.
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    1. Adams, F. Gerard & Park, Innwon, 1995. "A CGE approach to modeling the development ladder," Journal of Asian Economics, Elsevier, vol. 6(2), pages 177-199.
    2. Adams, F. Gerard & Park, I., 1995. "Measuring the impact of AFTA: An application of a linked CGE system," Journal of Policy Modeling, Elsevier, vol. 17(4), pages 325-365, August.

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