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MIRAGE is a multi-region, multi-sector computable general equilibrium model, devoted to trade policy analysis. It incorporates imperfect competition, product differentiation by variety and by quality, and foreign direct investment, in a sequential dynamic set-up where installed capital is...
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Obstacle historique au libre-échange, le protectionnisme est l'ensemble des mesures d'origine étatique qui consistent à limiter, à interdire, à contrôler ou à influencer les échanges internationaux. Il résulte par conséquent d'une contrainte publique interférant avec les processus...
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Dans leurs relations bilatérales, les pays industriels font fréquemment usage d'instruments non tarifaires, discriminatoires et très ciblés sur certains secteurs ou certaines entreprises comme les accords d'autolimitation volontaires, les accords d'importations volontaires, les subventions,...
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This paper studies corporate risk management in a context of financial constraints and imperfect competition in the product market. The paper shows that interactions between firms affect their hedging strategies. As a general rule, firms' hedging demands decrease with the correlation between...
Persistent link: https://www.econbiz.de/10010712476
We explore recent analytical developments in trade applied general equilibrium models and present a state of the art. Two extensions have been recently introduced : imperfect competition in order to show the impact of trade liberalization on welfare through a reduced monopoly power and economies...
Persistent link: https://www.econbiz.de/10011071820
In this paper, we investigate the interactions between public debt and transfer policies in a framework based on Floden [2001], that we extend to allow for transitional dynamics between steady states. First, we show that, starting from a high level of public debt, it is possible to implement a...
Persistent link: https://www.econbiz.de/10010861360