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This paper describes a simulation model that can serve as a basis for a developing country growth-oriented adjustment …
Persistent link: https://www.econbiz.de/10014396288
This paper traces the effects of an appreciation of the deutsche mark with the help of a computable general equilibrium model under alternative structural policy scenarios. In the first scenario, characterized by severe structural rigidities, the contractionary effects of exchange rate...
Persistent link: https://www.econbiz.de/10014395794
This paper develops a model merging the monetary approach to the balance of payments and a neoclassical growth model into a unified framework in which inflation, growth, and the balance of payments are simultaneously determined. The empirical part of the paper presents estimates of the key...
Persistent link: https://www.econbiz.de/10014396167
This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated,...
Persistent link: https://www.econbiz.de/10014395760
A small macroeconomic model based on familiar theoretical considerations is developed and estimated using data from 31 developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of rational expectations. The estimates and the test...
Persistent link: https://www.econbiz.de/10014396265
The paper presents a DGE model designed as a core projection tool to support monetary policy in inflation-targeting (IT) emerging market economies. The paper uses a particularly simple and flexible general equilibrium model structure that can be amended to account for various phenomena that...
Persistent link: https://www.econbiz.de/10014400322
French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as …
Persistent link: https://www.econbiz.de/10014401626
complexity of the model precludes an analytical treatment. A simulation approach, based on parameters derived from estimates in …
Persistent link: https://www.econbiz.de/10014397805
This paper presents a small macro simulation model of the Indonesian economy The model was constructed to assess the …
Persistent link: https://www.econbiz.de/10014395785
The paper develops a small dynamic macroeconomic simulation model for a representative developing country which relies … on familiar macroeconomic theory and in which expectations are formed rationally. The model is useful for the analysis … and simulation of important policy questions in a general-equilibrium setting. Several policy experiments are conducted …
Persistent link: https://www.econbiz.de/10014396359