simulations to gauge their effect. Market-based adjustment to demand shocks depends critically on whether the effect of a lower … setting behavior, on the supply response and on the strength of trade integration. Simulations suggest that market … mécanismes de marché à partir notamment de simulations évaluant l’importance de leurs effets. En cas de choc de demande, l …

This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments …

the medium to longer term. This paper uses stylised simulations in a small, calibrated macroeconomic model which features … endogenous interactions between fiscal policy, growth and financial markets. Simulations are done for a hypothetical economy … output gaps. The simulations highlight four issues. First, lowering the debt-to-GDP ratio within a finite horizon requires …