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agents. The methodology is solely based on three classes of equilibrium conditions from the government's and individual agent …
Persistent link: https://www.econbiz.de/10012734481
the case of newly found oil in Ghana we develop a multi-sector intertemporal general equilibrium model with endogenous …
Persistent link: https://www.econbiz.de/10010283292
the case of newly found oil in Ghana we develop a multi-sector intertemporal general equilibrium model with endogenous … change ; oil revenue ; Dutch disease ; Ghana ; intertemporal general equilibrium …
Persistent link: https://www.econbiz.de/10009570498
elasticities. A computable general equilibrium model of the Austrian economy incorporates multiple household groups with …
Persistent link: https://www.econbiz.de/10012930839
Climate change damage (or, more correctly, impact) functions relate variations in temperature (or other climate variables) to economic impacts in various dimensions, and are at the basis of quantitative modeling exercises for the assessment of climate change policies. This document provides a...
Persistent link: https://www.econbiz.de/10012997531
Climate change damage (or, more correctly, impact) functions relate variations in temperature (or other climate variables) to economic impacts in various dimensions, and are at the basis of quantitative modeling exercises for the assessment of climate change policies. This document provides a...
Persistent link: https://www.econbiz.de/10014128920
This paper considers a prototypical monetary business cycle model for the U.S. economy, in which the equilibrium is … estimates to values for which the equilibrium is unique. We show how the likelihood-based estimation of dynamic stochastic … general equilibrium models can be extended to allow for indeterminacies and sunspot fluctuations. We propose a posterior odds …
Persistent link: https://www.econbiz.de/10014112362
This paper aims at providing macroeconomists with a detailed exposition of the New Keynesian DSGE model. Both the sticky price version and the sticky information variant are derived mathematically. Moreover, we simulate the models, also including lagged terms in the sticky price version, and...
Persistent link: https://www.econbiz.de/10010425864
This paper investigates the finance-growth nexus where bank credit is decomposed into investment, consumption, and working capital credit. From a panel dataset of provinces in Indonesia, it documents that higher financial development measured by financial deepening and financial intermediation...
Persistent link: https://www.econbiz.de/10013005195
homogeneous production function in labor and materials implies a static equilibrium monopoly price that the firm predicts using an … good, in which the price follows a dynamic path toward an optimally moving equilibrium price. In the implied optimal … control law, the firms adjusts to equilibrium with the entire planning period in view, discounting future stationary points …
Persistent link: https://www.econbiz.de/10013403841