associated with the insufficiency of the econometrician’s data to estimate the model’s correct parameters or with model … USA: the Forni and Gambetti’s (2014) and Canova and Sahneh (2018) tests. The data and model were found to be non-fundamental. …

resources are kept to a minimum. This paper confirms this using an analysis based on a DSGE model. In practice, while a … of ways. First, the country’s future “business model” must become apparent; second, there has to be a basic level of … model setups as well as some practical implementation problems. …

Using an empirical age-period-cohort model we analyze the effects of different Pay-As-You-Go (PAYG) public pension … results of our simulations show that the mixed system herein proposed represents a compromise between the DB and DC systems …

eventual reform of the Brazilian SSS. In the simulations the alternative of postponing the eligibility age has had the greatest …

a market mechanism, and in March 2004 reformed to a single buyer structure. We model monthly log price differences using … a two-state Markov Switching model, allowing water storage and natural inflows to affect both the mean and volatility of …