In the setting of a dynamic general equilibrium model we ask the following question: What happens if the interest rate … is settled exogenously in a level that differs from the one which emerges from equilibria in the markets? Although the … tended to be maintained throughout. The main contribution of this paper is that we allow explicitly for disequilibrium in …

In the setting of a dynamic general equilibrium model we ask the following question: What happens if the interest rate … is settled exogenously in a level that differs from the one which emerges from equilibria in the markets? Although the … tended to be maintained throughout. The main contribution of this paper is that we allow explicitly for disequilibrium in …

dynamic, stochastic general-equilibrium model. It is designed, in particular, for policy evaluation and long-term predictions …

(CGE) model with the EUROMOD microsimulation framework that exploits the rich detail of household-level data. The link … sector into a non-behavioural microsimulation. The results suggest that policymakers face an equity-efficiency trade …

distribution in Canada, using a general equilibrium microsimulation model. We also estimate labour supply and demand elasticities …