Unemployment In Open Economies Book

1 Introduction.- 2 Stylised Facts: 2.1 Matching on the Labour Market and Unemployment; 2.2 Trade and the Terms of Trade.- 3 A Two-Sector Search Model of an Open Economy without Capital: 3.1 The Reference Model of Risk-Neutral Individuals; 3.2 International Trade and Exchange Rate Shocks in the Medium Run;3.3 The Evolution to the New Equilibrium -The Adjustment Process; 3.4 The Economy with Risk-Neutral Individuals and Individual Bargaining; 3.5. Appendix A.- 4 The Generalised Model: An Open Economy with Risk-Averse Individuals: 4.1 Individual Bargaining with Risk-Averse Individuals; 4.2 The Effects of a Terms-of-Trade Shock on an Economy with Risk-Averse Individuals; 4.3 The Economy with Risk-Averse Individuals and Individual Bargaining; 4.4. Appendix B.- 5 An Open Economy with Industry-Level Bargaining: 5.1 Trade Unions in Economic Models; 5.2. Wages under Collective Bargaining; 5.3 Trade Unions in an Open Economy; 5.4 The Economy with Risk-Neutral Individuals and Collective Bargaining; 5.5 An Illustrative Numerical Example of Risk Neutrality, Risk Aversion, and Collective Bargaining; 5.6 Appendix C.- 6 A Simple Matching Model of a One-Sector Economy with Capital Accumulation: 6.1 The Individual's and Firm's Decision Problem; 6.2 The Equilibrium with Capital Accumulation - The Long-Run-Perspective; 6.3 Appendix D: The Wage Agreement.- 7 Summary.- List of Symbols.- List of Figures.- List of Tables.- Bibliography.- Author Index.- Subject Index