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Estimating General Equilibrium Spillovers of Large-Scale Shocks

Huber, Kilian - 2021

Researchers use (quasi-)experimental methods to estimate how shocks affect directly treated firms and households. Such methods typically do not account for general equilibrium spillover effects. I outline a method that estimates spillovers operating among groups of firms and households. I argue...

Persistent link: https://www.econbiz.de/10013237223

Exchange Rate Elasticities of International Tourism and the Role of Dominant Currency Pricing

Ding, Ding; Timmer, Yannick - 2022

We estimate exchange rate elasticities of international tourism. We show that, in addition to the bilateral exchange … rate, the exchange rate between the tourism origin country vis-à-vis the U.S. dollar is an important driver of tourism … flows, indicating a strong role of U.S. dollar pricing. The U.S. dollar exchange rate is more important for tourism …

Persistent link: https://www.econbiz.de/10014083483

Oil Price Fluctuations and Exchange Rate Dynamics in the MENA Region : Evidence from Non-Causality-in-Variance and Asymmetric Non-Causality Tests

Nouira, Ridha - 2018

The aim of this paper is to investigate the exchange rate consequences of oil-price fluctuations and to test for the dynamics of oil price volatility by examining interactions between oil market and exchange rate in selected MENA countries (Egypt, Jordan, Morocco, Qatar, Saudi Arabia, Tunisia,...

Persistent link: https://www.econbiz.de/10012908723

Subsidizing extra jobs: promoting employment by taming the unions

Knabe, Andreas; Schöb, Ronnie - 2007

We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce their workforce, we consider an asymmetric scheme...

Persistent link: https://www.econbiz.de/10010264237

Optimal redistributive tax and education policies in general equilibrium

Jacobs, Bas - 2007

Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...

Persistent link: https://www.econbiz.de/10010264262

Demographic change and regional labour markets: the case of Eastern Germany

Henschel, Beate; Pohl, Carsten; Thum, Marcel - 2008

Demographic change will be one of the most challenging issues for industrialized economies in the decades to come. In this paper, we focus on the impact of demographic change on labour markets. By setting up a stylized model of a regional labour market, we are able to analyze the interaction of...

Persistent link: https://www.econbiz.de/10010264373

Trade retaliation in a monetary-trade model

Whalley, John; Yu, Jun; Zhang, Shunming - 2009

We explore how outcomes of trade policy retaliation (Nash tariff games) are affected when trade simultaneously takes places geographically across countries and through time via financial intermediation. In such models deficits and surpluses in goods trade are endogenously determined, and...

Persistent link: https://www.econbiz.de/10010264539

Six distributional effects of environmental policy

Fullerton, Don - 2010

While prior literature has identified various effects of environmental policy, this note uses the example of a proposed carbon permit system to illustrate and discuss six different types of distributional effects: (1) higher prices of carbon-intensive products, (2) changes in relative returns to...

Persistent link: https://www.econbiz.de/10010274806

The Johansson-Samuelson theorem in general equilibrium: a rebuttal

Menoncin, Francesco; Panteghini, Paolo M. - 2008

The well-known Johansson-Samuelson Theorem proves that, in partial equilibrium, comprehensive income taxation with a uniform tax rate is neutral in terms of investment decisions, if fiscal depreciation allowances coincide with economic depreciation. In this article we show that this result does...

Persistent link: https://www.econbiz.de/10010276144

Trade and Imperfect Competition in General Equilibrium

Koska, Onur A.; Stähler, Frank - 2011

This paper employs a general equilibrium model of imperfect competition and trade in which capital is used to establish firms and labor is used for production. We show that two different types of equilibria may exist, one with factor price equalization and one with different factor prices. When...

Persistent link: https://www.econbiz.de/10010277390

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