We conduct an empirical simulation exercise that gauges the plausible impact of increased rates of college attainment …

of the outcome and the treatment are varied across simulation scenarios. Results show that 2SLS generated consistent …

factor. We then set up and estimate a market equilibrium model to quantify the impact of local protection, controlling for …

This paper analyzes saving and capital accumulation in a two-good growth model of two market economies in which … economic agents optimize with perfect foresight. The goal is to present a model in which short-run dynamics and the steady … internationally and intertemporally. While many components of the model described below can be found in the literature on optimal …

macroeconometric models: the Fuhrer-Moore model, Taylor's Multi-Country Model, the MSR model of Orphanides and Wieland, and the FRB … staff model. All four models incorporate the assumptions of rational expectations, short-run nominal inertia, and long … output-inflation volatility frontier of each model for alternative specifications of the interest rate rule, subject to an …

computational general equilibrium model. We feed this multi-country overlapping generations model with detailed long …

reduced-form model specifications. In the current paper we take a very different approach: a prospective micro-simulation … approach. Using Monte Carlo techniques we model how future price controls in the U.S. will impact early-stage product …