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This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
Persistent link: https://www.econbiz.de/10014025269
Le gouvernement togolais a entrepris des réformes importantes après la crise des années 90 dans le but d’améliorer les conditions de vie de la population grâce à des politiques publiques adaptées, notamment à travers la Stratégie de croissance accélérée et de promotion de...
Persistent link: https://www.econbiz.de/10011975942
simulation, baseline forecasting and the testing of baselines against reality. This work demonstrates that CGE models can produce …
Persistent link: https://www.econbiz.de/10014025272
The fiscal theory states that inflation adjusts so that the real value of government debt equals the present value of real primary surpluses. Monetary policy remains important. The central bank can set an interest rate target, which determines the path of expected inflation, while news about the...
Persistent link: https://www.econbiz.de/10013361983
I: CGE Studies -- Sorting Out the Effects of Switzerland’s Accession to the EU: A Simulation Analysis -- Foreign Direct … Investment in Producer Services -- EU Integration and Outsiders: A Simulation Study of Industrial Location -- Factor Mobility … Costs of the EU Integration for Switzerland: Alternative Scenarios -- III: Labour Market Issues -- Labour Market and …
Persistent link: https://www.econbiz.de/10014021881
Italien leidet politisch und ökonomisch unter der Finanzkrise in der Europäischen Union. Das Wachstum ist negativ und die Arbeitslosigkeit steigt. Obwohl die Neuverschuldung verringert wurde und die Handelsbilanz Überschüsse aufweist, bleibt ein Zinsspread bestehen. Zudem ist zu befürchten,...
Persistent link: https://www.econbiz.de/10009678971
This paper analyses the major changes in both monetary and fiscal policy that have taken place over the past two decades and, within the limits of the existing empirical research, evaluates the overall costs and benefits for the OECD economies. The general findings for monetary policy are that,...
Persistent link: https://www.econbiz.de/10012444501
Persistent link: https://www.econbiz.de/10011731305
Biographical note: Giuseppe Bertola is Professor of Economics at the University of Turin. Reto Foellmi is Assistant Professor of Economics at the University of Zurich. Josef Zweimüller is Professor of Economics at the University of Zurich.
Persistent link: https://www.econbiz.de/10014488520
Fiscal policy is central to not only macroeconomic stability and growth, but also to poverty and inequality reduction. This paper provides the most comprehensive assessment of the distributional incidence of Turkey's fiscal policy to date. It analyzes the combined and individual incidence of...
Persistent link: https://www.econbiz.de/10012257124