GDP and its components’ evolution show an oscillatory behavior. As an alternative approach to classical cyclic behavior producing models, the paper analyses this behavior both by Fourier transforms of the data series and by a discussion of the roots configuration of the associated second order...

The quick brown fox jumps over the lazy fox. The quick brown fox jumps over the lazy fox. The quick brown fox jumps over the lazy fox. The quick brown fox jumps over the lazy fox. The quick brown fox jumps over the lazy fox. The quick brown fox jumps over the lazy fox. The quick brown fox jumps...

We consider the issue of income distribution modeling in the context of poverty analysis based on computable general equilibriummicro-simulationmodels. Speciffically, we study the situation where a poverty index of the FGT class is used to measure the impact of a given policy on the level of...

This presentation will start with a global description of the package features, then move to an interactive computer session. The purpose of MacSim is to describe the main macroeconomic interactions, both inside and between countries, based on a set of small quarterly econometric country models,...

We study the effects of ethnic diversity, measured by the share of immigrants in the total population in the EU member countries, on the number of establishments and employment in the EU. We distinguish between different industries and between different groups of source (migrant-sending)...

Inflation persistence and its role for efficient monetary policy has been given a lot of attention in empirical literature. The main contribution has been made by the Inflation Persistence Network, seeking to assess the level of persistence in the euro zone countries, the influence of the...

This paper provides empirical estimates of the impact of immigration on economic growth. A dynamic overlapping generations computable general equilibrium (OLG-CGE) model is used for this purpose. The basic structure of the model follows in the Auerbach and Kotlikoff tradition. However, the model...

Driving forces, economic transformation, suburbanisation, migration and recent construction of linear infrastructures have inevitably contributed to unfavourable land use trends around Europe. Arable land area has been continuously declining and has been replaced by artificial and built-up areas...

Ghersi and Hourcade (2006) proved that the impact of technical constraints (often derived from bottom-up models) may result in strong macroeconomic impacts. Therefore, the modeling choices of the representation of technical change in CGE models affect the evaluation of the cost of climate and...

The distribution of persons in each economy on their income is similar to the Maxwell-Boltzmann equilibrium distribution encountered in various physical systems. The transactions the persons are making to buy things that make them survive (in all sort of ways) are making them ‘poorer’...