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This volume collects three independent contributions which discuss the role of computable general equilibrium (CGE) modelling in both research and teaching. The first paper by John Chipman suggests that statistical methods could be incorporated into CGE analysis. He argues that this would allow...
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’s Quantitative Easing (QE) policy on consumption and investment by economic agents in Italy (households, government, firms, and the … the direct and indirect impact of money flow on the behavior of consumption and investment. The findings of the study … confirmed the positive impact of the ECB’s monetary policy on the level of investment and consumption. …
Persistent link: https://www.econbiz.de/10011825894
direct investment and the endogenous productivity effect from services. The modeling framework shows that the liberalization …With the growing importance of services and foreign direct investment in services, it is important to have a framework … to analyze the impact of the liberalization of barriers to foreign direct investment in services. This paper summarizes …
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This paper discusses which changes in the architecture of a standard CGE model are needed in order to introduce effects of trade and firm heterogeneity à la Melitz. Starting from a simple specification with partial equilibrium, one primary production factor and one industry, the frame-work is...
Persistent link: https://www.econbiz.de/10014147815
This paper discusses which changes in the architecture of a standard CGE model are needed in order to introduce effects of trade and firm heterogeneity à la Melitz. Starting from a simple specification with partial equilibrium, one primary production factor and one industry, the framework is...
Persistent link: https://www.econbiz.de/10014147819
This is the supplemental material to the paper titled "Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and The Distribution of Income." It includes additional theoretical and quantitative results. It also includes illustration for the numerical algorithm for our...
Persistent link: https://www.econbiz.de/10012844703
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10012846881