Showing 1 - 10 of 36
This paper examines the feasibility of implementing Linear Quadratic Gaussian (LQG) Control in structural cointegrated VAR models and sheds some light on the two major problems generated by such implementation. The first aspect to be taken into account is the effect of the presence of unit roots...
Persistent link: https://www.econbiz.de/10009635883
This paper attempts to characterise an anti-inflationary monetary targeting (MT) regime. In order to derive a formal representation of this regime, we formulate the central bank’s optimisation problem under the assumption that it is possible for the monetary targeted variable to have an impact...
Persistent link: https://www.econbiz.de/10009640355
variables of the economy. We introduce asymmetric wage adjustment costs in a New-Keynesian DSGE model with search and matching …
Persistent link: https://www.econbiz.de/10009640697
, implementation and enforcement of ‘horizontal’ Public Administrative and Judicial Capacity (PAJC) development in Bulgaria and Romania …
Persistent link: https://www.econbiz.de/10011476819
This evaluation of the EU’s cooperation with the Eastern Africa, Southern Africa and the Indian Ocean region (EA-SA-IO) aims to: - Provide an overall and independent assessmentof the past and current cooperation. - Identify lessons learned and make recommendations to inform current and future...
Persistent link: https://www.econbiz.de/10012036339
discuss policy implications. The paper is structured as follows. After a definition of the concepts of "resources" and … "sustainability" in Section 2, economic theory is reviewed with regard to the capacity of markets to generate optimal time paths for … the exploitation of nonrenewable resources (Section 3). Section 4 presents an interpretation of sustainability that can be …
Persistent link: https://www.econbiz.de/10009636663
Persistent link: https://www.econbiz.de/10009636664
This report presents an inventory of existing scenarios studies relevant for Europe in the context of sustainable development, including European and global models. It also provides a useful review of a selected number of scenarios and pinpoints their strengths and weaknesses.
Persistent link: https://www.econbiz.de/10009636684
Persistent link: https://www.econbiz.de/10009636686
A. Sustainability is a specific term with a specific meaning: it requires avoiding ecological overshoot. B. Overshoot can be measured. And there is evidence that humanity is in overshoot. In fact, most industrialized countries run massive ecological deficits. C. To move out of overshoot,...
Persistent link: https://www.econbiz.de/10009636687