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We consider a representative-agent equilibrium model where the consumer has quasi-geometric discounting and cannot commit to future actions. We restrict attention to a parametric class for preferences and technology and solve for time-consistent competitive equilibria globally and explicitly. We...
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This paper offers an empirical evaluation of the output contribution of infrastructure. Drawing from a large data set … on infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach … synthetic measure of infrastructure given by the first principal component of infrastructure endowments in transport, power, and …
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