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We develop a simple estimation procedure for general equilibrium (GE) comparative static analysis of gravity models. Non-linear solvers of estimated models are replaced by (constrained) regressions. Applied economists can more readily generate results, with more intuition about the working of...
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We welfare rank various tax-spending policies. The setup is a New Keynesian model of a semi-small open economy … economy 2001-2011. We compute various optimized state-contingent tax-spending policy rules when the policy aim is shock …
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