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This paper presents a new measure of aggregate trade restrictions (MATR) using data from the International Monetary Fund's Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is strongly correlated with existing measures of trade restrictiveness but is more comprehensive in...
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We study nominal GDP targeting as optimal monetary policy in a model with a credit market friction following Azariadis, Bullard, Singh and Suda (2018), henceforth ABSS. As in ABSS, the macroeconomy we study has considerable income inequality which gives rise to a large private sector credit...
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to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …, depending on the parameterization. The welfare gain increases in the elasticity of substitution between domestic and foreign …
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negative direct effect of US tariffs on US imports from China, but (2) do not find evidence for significant short-run trade …
Persistent link: https://www.econbiz.de/10012146302
This study applies financial portfolio theory to determine efficient electricity-generating technology portfolios for … (MER) electricity portfolio for the United States contains more Coal, Nuclear, and Wind than actual but markedly less Gas … electricity markets. -- efficiency frontier ; energy ; electricity ; portfolio theory ; Seemingly Unrelated Regression Estimation …
Persistent link: https://www.econbiz.de/10003892462
Accurate information about electricity generation and consumption is crucial to power system modelling. Several … example, annual electricity generation from wind and solar power in Germany differs by as much as 10% - 20%, depending on who … provided, nor is it constant. The deviation is particularly worrying in Germany, where peak electricity demand might be …
Persistent link: https://www.econbiz.de/10011391790