Over the years, the East-West Center (EWC) has developed considerable expertise in refinery modeling, especially in the area of forecasting product balances for countries, given planned capacity changes, changes in product demand, changes in crude slates, and changes in product specifications....

This paper argues that the recen Southeast Asian currency crisis was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculativ attack...

Quantitative policy analysts are usually confronted with the problem to derive a base-line scenario that reflects the most likely state of an economy in a future year. The methods used in practice to derive such a base-line scenarios are heterogeneous and range from the usage of the last...

One of the fundamental normative questions within international trade theory is whether free trade is better than autarky and, if so, in what sense and to what extent. Surprisingly, the literature contains just a few formal models constructed under discrete time and investigating the...

This paper discusses an approach to implement output quotas in the GTAP model which permits an endogenous adjustment of both the supplied quantity and the quota rent. Since the quota rent is interpreted as additional earnings of the factors used no change of the worldwide GTAP data base is...

Economic analyses of climate change policies frequently focus on reductions of energy-related carbon dioxide emissions via market-based, economywide policies. The current course of environment and energy policy debate in the United States, however, suggests an alternative outcome: inefficiently...

Die Arbeit untersucht den beruflichen Platzierungsprozess in Bayern ansässiger Ausländer. Betrachtet werden Erwerbspersonen italienischer, griechischer, türkischer, jugoslawischer und österreichischer Nationalität. Diskutiert wird die Frage nach den Arbeitsmarktchancen von abhängig...