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policy cooperation. Results are based both on a theoretical study of the structure of the estimated model and a simulation …
Persistent link: https://www.econbiz.de/10013132355
March 2011 marked the introduction of the Magyar Nemzeti Bank's Monetary Policy Model (MPM), representing a paradigm shift in both macroeconomic projection and monetary policy decision support. In contrast to previous conditional projections, the MPM provides an endogenous definition of both the...
Persistent link: https://www.econbiz.de/10010322463
AR(1) processes, I examine the results by numerical simulation. First, I derive a reduced-form solution for the nominal …
Persistent link: https://www.econbiz.de/10011479496
assumptions about whether the zero interest rate floor (ZIF) is binding. It uses a two-country general-equilibrium simulation …
Persistent link: https://www.econbiz.de/10012732498
Using an updated version of the CWS model (introduced by Eyckmans and Tulkens in Resource and Energy Economics 2003), this paper intends to evaluate with numbers the respective merits of two competing notions of coalition stability in the standard global public goods model as customarily applied...
Persistent link: https://www.econbiz.de/10010312250
Using an updated version of the CWS model (introduced by Eyckmans and Tulkens in Resource and Energy Economics 2003), this paper intends to evaluate with numbers the respective merits of two competing notions of coalition stability in the standard global public goods model as customarily applied...
Persistent link: https://www.econbiz.de/10005385509
, trade in goods, immobility of labor and mobility of capital. Considering different types of shocks, agents are in general …
Persistent link: https://www.econbiz.de/10014068138
AR(1) processes, I examine the results by numerical simulation. First, I derive a reduced-form solution for the nominal …
Persistent link: https://www.econbiz.de/10011624332
assumptions about whether the zero interest rate floor (ZIF) is binding. It uses a two-country general-equilibrium simulation …
Persistent link: https://www.econbiz.de/10010283308
Macroeconometric policy simulation models allow for an analysis, and, above all, for a quantification of the effects …
Persistent link: https://www.econbiz.de/10010285870