Showing 1 - 10 of 954
In this study we use a long run macroeconomic model for Austria to simulate the effects of aging on employment, output growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and modelling sex specific participation rates for each cohort, we...
Persistent link: https://www.econbiz.de/10010293723
Основным мотивом для написания данных "Дискуссионных материалов" является ознакомление читателя с теоретическими основами анализа продуктивности и...
Persistent link: https://www.econbiz.de/10010299426
The increasing inconsistency in the Turkish economy gave rise to transformations necessitated by the manner of its growth and technological changes. Between 1923 and 1962, the Turkish economy was based on agricultural growth strategies, which spurred development in the manufacturing sector and...
Persistent link: https://www.econbiz.de/10011991437
In this paper we develop a long run macroeconomic model for Austria to simulate the effects of aging on employment, output growth, and the solvency of the social security system. By disaggregating the population into six age cohorts and modelling sex specific participation rates for each cohort,...
Persistent link: https://www.econbiz.de/10011435145
This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...
Persistent link: https://www.econbiz.de/10010481671
The paper investigates Evsey's Domar's introduction of the rate of growth as a variable in economics in the 1940s and 1950s . Domar investigated the nature of what he called the "moving equilibrium" of ec onomic processes with infinite duration. Reactions to Domar' s approach at the time brought...
Persistent link: https://www.econbiz.de/10011592244
of view of stability. After recalling the two competing concepts of stability in use in the IEA literature, new insights …. Free riding is also evaluated in relation with the alternative forms of stability under scrutiny. Finally, it is asked … efficiency and stability. A skeptical answer is offered, as a reply to Barrett's (2003) attempt at giving the notion a specific …
Persistent link: https://www.econbiz.de/10010312597
Recent models of monetary policy have analyzed the desirability of different optimal and ad hoc interest rules under the restrictive assumption that forecasts of the private sector and the central bank are homogenous. In this paper, we study the implications of heterogeneity in forecasts of the...
Persistent link: https://www.econbiz.de/10011604173
Recent models of monetary policy have analysed the desirability of different optimal and ad hoc interest-rate rules under the restrictive assumption that forecasts of the private sector and central bank are homogeneous.In this paper, we study from a learning perspective the implications of...
Persistent link: https://www.econbiz.de/10012147838
stability under private agent learning.Appropriately designed expectations based rules can yield optimal rational expectations …
Persistent link: https://www.econbiz.de/10012147864