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. In doing so, we use input parameters and output indicators of 11,076 actual simulation runs and one million emulated runs …
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When banks choose similar investment strategies, the financial system becomes vulnerable to common shocks. Banks decide about their investment strategy ex-ante based on a private belief about the state of the world and a social belief formed from observing the actions of peers. When the social...
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Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations … possible margin. Because of nonlinearities confidence intervals for the simulation results have to be obtained by means of … stochastic simulations. The main contribution of this paper consists in presenting the simulation results. The robustness of …
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, interactive simulation model which is accessible under http://brw.zew.de. Users can specify their own green tax reforms or … specifications and explain some simulation calculations by means of examples. Some exercises for classroom use are available on the …, interactive simulation model which is accessible under http://¤ brw.zew.de. Users can specify their own green tax reforms or …
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reform on wages and unemployment. The simulation results show that general equilibrium wage reactions tend to mitigate labour …
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