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Social institutions and economic inequality : modeling the onset of the Kuznets curve
Alvarez-Pereira, Brais; Bale, Catherine S. E.; Furtado, … - 2015
Theoretical models of the Kuznets Curve have been purely analytical with little contribution towards an understanding of the timing of the process and the presence of additional mechanisms affecting its timing. This paper proposes an agent-based version of Acemoglu and Robinson's model of the...
Persistent link: https://www.econbiz.de/10012057437
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Exchange rate depreciations and local business cycles : the role of bank loan supply
Beck, Thorsten; Bednarek, Peter; Kaat, Daniel Marcel te; … - 2021
lending can be explained by a shift in credit towards both export-intensive firms and small banks without foreign asset … exposure that have a higher share of exporting firms in their credit portfolio. We also find that German regions where these …
Persistent link: https://www.econbiz.de/10012792736
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Religion and growth
Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2023
We use the elements of a macroeconomic production function—physical capital, human capital, labor, and technology—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that religion can enhance or impinge upon economic...
Persistent link: https://www.econbiz.de/10014495766
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Optimal policy: which, where, and why
Furtado, Bernardo Alves; Andreão, Gustav Onofre - 2023
The paper exploits a simulation environment and its output indicators to compare the performance of "ex-ante" policy instruments across housing and social welfare domains. We create a progressive score to contrast six single and mixed policy instruments against a no-policy baseline. The multiple...
Persistent link: https://www.econbiz.de/10014428762
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Estimation of heterogeneous agent models : a likelihood approach
Parra-Alvarez, Juan Carlos; Posch, Olaf; Wang, Mu-Chun - 2020
We study the statistical properties of heterogeneous agent models. Using aBewley-Hugget-Aiyagari model we compute the density function of wealth and in-come and use it for likelihood inference. We study the finite sample properties of themaximum likelihood estimator (MLE) using Monte Carlo...
Persistent link: https://www.econbiz.de/10012256501
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A complexity approach for public policies
Furtado, Bernardo Alves; Sakowski, Patrícia Alessandra … - 2015
Complex systems' approach and methodologies emphasize interactions, diversity and dynamics. Complex systems perspectives also enable public policies to be considered comprehensively and simulated in all their multiplicity of sectors and scales, of cause and effect. This paper attempts to...
Persistent link: https://www.econbiz.de/10012057440
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Complex approaches for education in Brazil
Sakowski, Patrícia Alessandra Morita; Tóvolli, Marina H. - 2016
Education systems can be viewed as complex systems, by considering that learning, teaching, cognition and education are phenomena resulting from interactions between the heterogeneous agents that compose such systems. Given the complex nature of education systems, new approaches seem relevant,...
Persistent link: https://www.econbiz.de/10012058352
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Machine learning simulates agent-based model towards optimal policy : a surrogate model for public policy assessment
Furtado, Bernardo Alves; Andreão, Gustavo Onofore - 2023
Public policies are not intrinsically positive or negative. Rather, policies provide varying levels of effects across different recipients. Methodologically, computational modeling enables the application of a combination of multiple influences on empirical data, thus allowing for heterogeneous...
Persistent link: https://www.econbiz.de/10014428794
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M-PRESS-CreditRisk : a holistic micro- and macroprudential approach to capital requirements
Tente, Natalia; Westernhagen, Natalja von; Slopek, Ulf … - 2017
adequacy related to credit risk. For the first time, it combines calibration of microprudential capital requirements and … macroprudential buffers in a unified, coherent framework. Its core element is an advanced credit portfolio model - SystemicCreditRisk …/country-specific systematic factors, the model focuses on credit default concentration risk as a major source of large losses that may have …
Persistent link: https://www.econbiz.de/10011663208
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The credit quality channel : modeling contagion in the interbank market
Fink, Kilian; Krüger, Ulrich; Meller, Barbara; Wong, … - 2015
We propose an algorithm to model contagion in the interbank market via what we term the credit quality channel. In … existing models on contagion via interbank credit, external shocks to banks often spread to other banks only in case of a … default. In contrast, shocks are transmitted via asset devaluations and deteriorations in the credit quality in our algorithm …
Persistent link: https://www.econbiz.de/10011381702