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G-Cubed is a multi-country, multi-sector, intertemporal general equilibrium model that has been used to study a variety of policies in the areas of environmental regulation, tax reform, monetary and fiscal policy, and international trade. It is designed to bridge the gaps between three areas of...
Persistent link: https://www.econbiz.de/10014025276
Studying the poverty and income distribution effects of macroeconomic policies or shocks requires a methodology that accounts on the one hand for the nature of the policy or shock being studied and their aggregate impact on the economy and, on the other hand, the heterogeneity of their overall...
Persistent link: https://www.econbiz.de/10010719538
equilibrium (CGE) macro model being used and how the macro and micro components of the methodology are connected together and …/or integrated. It thus starts from a simple framework where the two components are handled separately: the CGE model is static and … moves to more integrated variants, where results from both the CGE and micro models are looped back and forth, and also to …
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This paper discusses a series of Monte Carlo experiments designed to evaluate the empirical properties of Heterogeneous-Agent macroeconomic models in the presence of sampling variability. The calibration procedure leads to the welfare analysis being conducted with the wrong parameters. The...
Persistent link: https://www.econbiz.de/10010744182
What can further market integration contribute to growth and employment? A series of hypothetical trade reform scenarios explores what countries at different levels of development can expect to gain from reforming tariffs, non-tariff barriers, trade facilitation and domestic support to...
Persistent link: https://www.econbiz.de/10011874287