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Rational expectations are often used as an argument against policy activism, as they may undermine or neutralize the policymaker’s actions. Although this sometimes happens, rational expectations do not always imply policy invariance or ineffectiveness. In fact, in certain circumstances...
Persistent link: https://www.econbiz.de/10010577029
Rational expectations are often used as a strong argument against policy activism, as they may undermine or neutralize the policymaker’s actions. Although this sometimes happens, rational expectations do not always imply policy invariance or ineffectiveness. In fact, in certain circumstances...
Persistent link: https://www.econbiz.de/10005661866
This introduces the symposium on general equilibrium. …
Persistent link: https://www.econbiz.de/10010572387
equilibrium modelling that have been applied to regional economies. We begin with a description of the Social Accounting Matrices … constructed for different regions to then expose the different General Equilibrium Models that have been developed using these …
Persistent link: https://www.econbiz.de/10010743103
of endogeneity but are calibrated on a common data set, moving from a basic partial equilibrium approach to a fully … specified general equilibrium treatment. The size of the rebound effect is shown to depend on changes in household income …, aggregate economic activity and relative prices that can only be captured through a general equilibrium model. …
Persistent link: https://www.econbiz.de/10010753180
hierarchical KLEM production function in a computable general equilibrium (CGE) model. The appropriate means of introducing energy …
Persistent link: https://www.econbiz.de/10010573391
a la aplicación regional de los análisis. In last decades, the applied general equilibrium modeling has become a very … active area of research in economics. The goal of this paper is to present the contributions of applied general equilibrium … regional analysis of computable general equilibrium. …
Persistent link: https://www.econbiz.de/10005690315
in a model that links a “top-down” general equilibrium representation of the U.S. economy with a “bottom-up” electricity …
Persistent link: https://www.econbiz.de/10011043434
from the U.S. Consumer and Expenditure Survey data as individual agents in a comparative-static general equilibrium … framework. These households are represented within the MIT USREP model, a detailed general equilibrium model of the U.S. economy …
Persistent link: https://www.econbiz.de/10010571708
A frontier-general equilibrium analysis with skill transformation evaluates the productivities of skilled and unskilled …
Persistent link: https://www.econbiz.de/10011048776