In 2013, there were numerous global conflicts: civil war in Syria, unrest in Brazil, and continued turmoil in Iraq and Afghanistan. Though many of these conflicts are far from U.S. borders, how might they play out in the American economy (i.e., in labor markets), using the standard stylized version of the DSGE model? What if wages were sticky?

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The Answer of In 2013, there were numerous global conflicts: civil war in Syria, unrest in Brazil, and continued turmoil in Iraq and Afghanistan. Though many of these conflicts are far from U.S. borders, how might they play out in the American economy (i.e., in labor markets), using the standard stylized version of the DSGE model? What if wages were sticky?

In 2013, There Were Numerous Global Conflicts: Civil War in Syria