The paper revises the previous author's estimates of the medium-term evolution of the Romanian economy. It is organized in three chapters. The first examines the most important crisis and post-crisis problems of Romania. The analysis is developed preponderantly from a structural point of view....

The impacts of policy measures on transfers between government and households will be quantified using Social Accounting Matrices (SAMs). The System of National Accounts (SNA) will be the main source used for the construction of the numerical version of these matrices, which will then form the...

Since the onset of the ongoing United States (US)-People's Republic of China (PRC) trade dispute in 2017, stakeholders and experts alike have expressed deep concerns that the tensions would come at a cost for the countries involved and the global economy. In this paper, we endeavor to quantify...

Quantitative models, such as computable general equilibrium (CGE), that are increasingly used to inform policy processes rely on a number of assumptions concerning how good and services are produced. Previous research has shown that the elasticity of substitution between inputs and the structure...

This article gives an assessment of the relative strengths and weaknesses of a variety of economic modelling approaches commonly used for cost estimates of limiting carbon emissions. The approaches discussed include the ad hoc approach, dynamic optimization approach, input-output approach,...

In this work a general purpose multisectoral economy-wide model, solved for growth rates, is constructed for the Brazilian economy.In constructing the Brazilian model, the ORANI model for the Australian Economy was chosen as the starting point and was modified in a way that it can reflect and...

This report presents the Basic WIOD CGE model. The model represents the first implementation of the World Input-Output Database (WIOD) into the CGE framework and is tailored to provide a maximum fit with WIOD data. The model is specifically designed such that it can serve as the basis for...

GINFORS (Global INterindustry FORecasting System) represents a state of the art tool for integrated quantitative policy assessments of long run economic developments and associated pressures on the environment. Its empirical modelling framework rests on national input output accounts which are...

Nowadays, many countries adopt an active agenda to mitigate the impact of greenhouse gas emissions by moving towards less polluting energy generation technologies. The environmental costs, directly or indirectly generated to achieve such a challenging objective, remain however largely...

This paper proposes a sectoral extension to STREAM, the Bank's main macroeconometric model. The extension documented in this paper borrows heavily from linking integration strategies prevalent in literature. The approach utilised here however, differs in two main ways when compared to existing...