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General Equilibrium with Wage Rigidities: An Application to Belgium

Author

Listed:
  • Victor Ginsburgh

    (Universite Libre de Bruxelles)

  • Ludo Van der Heyden

    (Yale School of Organization & Management)

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.

Suggested Citation

  • Victor Ginsburgh & Ludo Van der Heyden, 1984. "General Equilibrium with Wage Rigidities: An Application to Belgium," Cowles Foundation Discussion Papers 720, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:720
    Note: CFP 633.
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    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d07/d0720.pdf
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    References listed on IDEAS

    as
    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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    2. 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.

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