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General equilibrium with wage rigidities: an application to Belgium

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  • Victor Ginsburgh
  • Ludo Van der Heyden

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

  • Victor Ginsburgh & Ludo Van der Heyden, 1985. "General equilibrium with wage rigidities: an application to Belgium," ULB Institutional Repository 2013/1751, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/1751
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    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/1751/1/wage-rigidities.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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    Cited by:

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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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