General Equilibrium with Wage Rigidities: An Application to Belgium
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.
Ginsburgh, Victor and Van der Heyden, Ludo, "General Equilibrium with Wage Rigidities: An Application to Belgium" (1984). Cowles Foundation Discussion Papers. 959.