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Modelling long-run energy consumption under model uncertainty
Humer, Stefan; Csereklyei, Z. - EcoMod Network - 2012
The causality between energy consumption and real income in developed countries has been a very vital research topic in recent years. Raising concerns about climate change and global warming increase the pressure on policy makers to take action against energy depletion. Unfortunately these...
Persistent link: https://www.econbiz.de/10010886612
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A Policy Model for Analyzing Macroprudential and Monetary Policies
Alpanda, Sami; Alpanda, Sami; Cateau, Gino; Meh, Cesaire - EcoMod Network - 2013
The recent global financial crisis was a reminder that economic and financial stability are inextricably linked. To that end, there has been significant effort in policy and academic circles to incorporate real-financial linkages and macroprudential policies into existing macroeconomic models....
Persistent link: https://www.econbiz.de/10010886688
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How Does Monetary Policy Respond to Financial Stress?
Horvath, Roman; Baxa, Jaromir; Vasicek, Borek - EcoMod Network - 2011
We examine whether and how main central banks responded to episodes of financial stress over the last three decades.Time-varying parameter model with endogenous regressorsQuantify the time-varying effect of financial stress (and its components) on interest rate setting.
Persistent link: https://www.econbiz.de/10010886715
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Consumer responsibilities of carbon emissions in a post-Kyoto regime until 2020
Wiebe, Kirsten Svenja; Lutz, Christian - EcoMod Network - 2012
COP17 in Durban revealed once again the general willingness to commit to the 2°-target and the difficulty to reach an international Post-Kyoto agreement until 2015. There is strong evidence from model-based analysis that economic costs of reaching the 2°-target will be below global GDP growth...
Persistent link: https://www.econbiz.de/10010887901
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A Comparative Analysis of Funding Schemes for Public Infrastructure Spending in Quebec
Savard, Luc; Boccanfuso, Dorothée; Joanis, Marcelin; … - EcoMod Network - 2012
The government of Quebec has launched a major public infrastructure spending program funded essentially by debt. This choice can have long term consequences on growth if the eviction effect is strong. In this paper, we use a recursive dynamic model of the Quebec economy to analyse alternative...
Persistent link: https://www.econbiz.de/10010902518
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General Equilibrium Effects of Pension Reforms to Increase Retirement Income in Canada
Rainville, Bruno; Annabi, Nabil; Fougère, Maxime; … - EcoMod Network - 2011
It is generally acknowledged that the Canadian retirement income system (RIS) has successfully contributed to poverty alleviation among seniors and helped maintain an adequate and relatively stable income replacement rate. However, increased longevity, the trend decline in registered pension...
Persistent link: https://www.econbiz.de/10010902760
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A Population Aging Analysis for Canada Using the National Transfer Accounts Approach
Zhang, Qi; Mérette, Marcel; Georges, Patrick - EcoMod Network - 2011
This paper develops a new data set using a new accounting methodology called National Transfer Accounts (NTA). NTA permit to build an accounting system that takes consideration the factor age into national accounts. NTA are consistent with national accounts and allows the estimation of lifecycle...
Persistent link: https://www.econbiz.de/10010902783
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Foreign Direct Investment and Border Security Issues-- A Multi-Country, Multi-Sector Computable General Equilibrium Framework
Mérette, Marcel; Georges, Patrick; Zhang, Qi - EcoMod Network - 2011
the impact of security measures on the Canadian and U.S. economies. We assess the impact in terms of Canada-U.S. bilateral … trade and foreign direct investment, but also in terms of Canada’s trade and FDI with the rest of the world. This study is …. Finally we assess the impact of increased costs on Canada’s economic prosperity, as measured by GDP, and international …
Persistent link: https://www.econbiz.de/10010902809
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Foreign competition and income distribution in Canada: A dynamic microsimulation CGE Model Analysis
Annabi, Nabil; Fougère, Maxime; Li, Min - EcoMod Network - 2011
Since Canada is a very open economy, globalisation and increased foreign competition may entail significant long … Trade Organisation (WTO) in 2001, Canada is facing the shock of declining prices and exports of manufactured goods. The long …
Persistent link: https://www.econbiz.de/10010902821
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Factors influencing the formation of corruption in oil-rich countries
Fouladi, Masoome; Setayesh, Hedieh; Goudarzi-Farahani, … - EcoMod Network - 2014
Corruption undermines economic development and therefore it is one of the major factors hindering economic growth and political stability, especially in the developing countries. Studies in recent years show that countries with rich natural resources have the potential to shape corruption....
Persistent link: https://www.econbiz.de/10010933195