This paper analyzes the causes, effects and policy alternatives associated with the recent international food price crisis in the Andean region. Additionally, the document makes a first approach to the policy options utilized to confront the crisis, discussing the mix of policies and their...

This paper analyzes the causes, effects and policy alternatives associated with the recent international food price crisis in the Andean region. Additionally, the document makes a first approach to the policy options utilized to confront the crisis, discussing the mix of policies and their...

Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations with a macroeconometric model. A macroeconometric disequilibriummodel of the West German economy is used to analyze a reform proposal for the tax system. The model was estimated...

This paper presents stochastic projections for 13 categories of social spending in New Zealand over the period 2011-2061. These projections are based on detailed demographic estimates covering fertility, migration and mortality disaggregated by single year of age and gender. Distributional...

This paper focuses on dynamic financial modelling of recurring cash flow items in PPP projects in operating stage and on risks associated with the volatility of these cash flows. As we concentrate on so-called government-pays schemes, only cash-outflows are considered, such as operating costs,...