Policy simulations during the last decades have been heavily relying on standard static CGE models with a small number of industries. Recently DSGE models (usually termed as New Keynesian) have been developed that incorporate dynamic behavior and institutional constraints at the aggregate...

The aim of this paper is to compare a social welfare (SW) indicator for sustainability with the ecological footprint (EF) indicator for measuring spatial sustainability. The framework applied follows the line of a core-periphery model of "new economic geography" as put forward in Grazi, van den...

The aim of this paper is to compare a social welfare (SW) indicator for sustainability with the ecological footprint (EF) indicator for measuring spatial sustainability. The framework applied follows the line of a core-periphery model of "new economic geography" as put forward in Grazi, van den...

The recent macroeconomic literature dealing with fiscal policy multipliers is dominated by applications of aggregate DSGE (Dynamic Stochastic General Equilibrium) models, whereas multi-sectoral models (econometric input-output or CGE) are absent. This paper contributes to the debate from a...

The recent macroeconomic literature dealing with fiscal policy multipliers is dominated by applications of aggregate DSGE (Dynamic Stochastic General Equilibrium) models, whereas multi-sectoral models (econometric input-output or CGE) are absent. This paper contributes to the debate from a...