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This paper estimates and solves a multi-country version of the standard DSGE New Keynesian (NK) model. The country-specific models include a Phillips curve determining inflation, an IS curve determining output, a Taylor Rule determining interest rates, and a real effective exchange rate...
Persistent link: https://www.econbiz.de/10009476339
Using a data set of Wake County, North Carolina, property sales for the period 1992-2000, this study provides evidence as to the acceptability of spatial aggregation in hedonic property value models. Both statistical tests and tests based upon prediction errors are performed in order to identify...
Persistent link: https://www.econbiz.de/10009431197
The purpose of this dissertation is to investigate dual approaches to corner solutions that are both tractable and flexible in recreation demand. Two structural models are estimated using data from the Iowa wetlands survey in the incomplete demand system context. This dissertation expands...
Persistent link: https://www.econbiz.de/10009431304