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countries, Japan, and the United States to shocks in housing and equity prices. The effects are assessed with a Structural …
Persistent link: https://www.econbiz.de/10003730274
. The ultimate success of the negotiations largely depends on the attitudes of the USA, the EC and Japan. What are the main …
Persistent link: https://www.econbiz.de/10011546618
of the EC, the USA and Japan in international trade? How dependent are these three economic powers on the world market …The growing importance of Japan on the world market has brought with it changes in the international division of labour … and a shift in the focus of the expansion in world trade away from the EC and the USA. What factors determine the shares …
Persistent link: https://www.econbiz.de/10011550970
Persistent link: https://www.econbiz.de/10011553698
This paper develops a dynamic general equilibrium model with three distinct social groups, capitalists, private workers and public employees. After solving for the status quo equilibrium, which can mimic the advantages of employment in the public sector in most EU countries, the paper looks for...
Persistent link: https://www.econbiz.de/10010477149
This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...
Persistent link: https://www.econbiz.de/10002578199
the last decade. Using stylised models of the economies of the US, Euro area, UK and Japan, we argue that economic …
Persistent link: https://www.econbiz.de/10002521030
.S., Japan, and the EU-15 and incorporates age- and time-specific fertility and mortality rates, detailed fiscal institutions …
Persistent link: https://www.econbiz.de/10002521588
Persistent link: https://www.econbiz.de/10001685948
Persistent link: https://www.econbiz.de/10001013900