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The objective of this paper is to examine the main features of optimal monetary policy cooperation within a micro-founded macroeconometric frame-work. First, using Bayesian techniques, we estimate a two-country dynamic stochastic general equilibrium (DSGE) model for the United States (US) and...
Persistent link: https://www.econbiz.de/10012772411
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A positive economic growth is one crucial macroeconomic objective of every nation. Many countries have formed regional as well as international trading blocs in an attempt to enhance economic growth and maximise welfare of each member state, the AFTZ member states are not an exception. This...
Persistent link: https://www.econbiz.de/10012910879
In this paper we explore the cross-country implications of climate-related mitigation policies. Specifically, we set up a two-country, two-sector (brown vs green) DSGE model with negative production externalities stemming from carbon-dioxide emissions. We estimate the model using US and euro...
Persistent link: https://www.econbiz.de/10013222709
Southern Sudan - the ten southern provinces of Sudan - has attained autonomy and may soon achieve total independence … from Sudan. Yet decades of civil war not only prevented development but destroyed the infrastructure left over from the … colonial period. While Southern Sudan is fortunate to have oil resources that can finance building up the new nation, the task …
Persistent link: https://www.econbiz.de/10005835644
scenarios, detailed economic databases for Sudan, EU, East-Asian region, MENA, COMESA, and the rest of the world are needed. For … other services. Moreover, the database regions are aggregated to six including Sudan, the EU, East Asia, MENA, COMESA, and …The latest episode of the armed conflict between Northern and Southern Sudan erupted in 1983 and ended with the signing …
Persistent link: https://www.econbiz.de/10008552822