This article employs two alternative approaches based on input-output tables to re-evaluate key Australian industries and their interconnections. The first approach utilizes traditional linkages, while the second approach employs machine learning methods. Data come from the OECD database for...

Consumption taxes are a crucial revenue source for EU Member States, yet they also potentially have non-negligible impact on income distribution. The EU’s tax-benefit microsimulation model, EUROMOD, has recently been extended to simulate consumption taxes (CT) across all 27 EU countries...

We introduce a method that exploits some non-Gaussian features of structural shocks to identify structural vector autoregression (SVAR) models. More specifically, we propose combining inequality restrictions on the higher-order moments of the structural shocks of interest with other...

This paper introduces a multicountry macroeconometric model for the Eurasian Economic Union (EAEU). The model consists of five single-country models of the union member states: Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. The purpose of the research is to explain the structural...

Borrowing from our experience in agent-based computational economic research from 'bottom-up', this paper considers economic system as multi-level dynamical system that micro-level agents' interaction leads to structural transition in meso-level, which results in macro-level market dynamics with...

This study examines the potential impact of a hypothetical but plausible migration scenario on Austria’s economy and labour market, inspired by Austria’s experience in 2015. Using the agent-based macroeconomic model developed by Poledna et al. (2023), the study explores the detailed labour...

We develop a fiscal dynamic stochastic general equilibrium (DSGE) model for policy simulation and scenario analysis purposes tailored to Latvia, a small open economy in a monetary union. The fiscal sector elements comprise public investment, public consumption, government transfers that are...

Human-generated greenhouse gases depend on the level of economic activity. Therefore, most climate change studies are based on models and scenarios of economic growth. Economic growth itself, however, is likely to be affected by climate change impacts. These impacts affect the economy in...

This article is the first formal investigation of consumer attitudes that compares the forecasting power of the University of Michigan's Index of Consumer Sentiment and the Conference Board's Consumer Confidence Index. The authors find that measures available from the Conference Board have both...

The paper contrasts theories that explain diverse belief by asymmetric private information (in short PI) with theories which postulate agents use subjective heterogenous beliefs (in short HB). We focus on problems where agents forecast aggregates such as profit rate of the Samp;P500 and our...