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Persistent link: https://www.econbiz.de/10003879652
We construct a dynamic general equilibrium model to analyze the effects of large energy subsidies in a small open economy. The model includes domestic energy production and consumption, trade in energy at world market prices, as well as private and public sector production. The model is...
Persistent link: https://www.econbiz.de/10010641776
We formulate an overlapping generations model with skill heterogeneity and productive and non-productive government programs to study the macroeconomic and intergenerational welfare effects caused by risk premium shocks and government debt reductions. We demonstrate that in a small open economy...
Persistent link: https://www.econbiz.de/10010739174