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VAT rates have changed multiple times and to a relatively great extent in Hungary during the past years. We use the resulting price changes in estimating the price- and income-elasticity of households’ expenditures. As a novelty, we introduce an interaction term in estimating the demand system...
Persistent link: https://www.econbiz.de/10011588723
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We study numerically the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial and macro-economic shocks. Our analysis is based on an applied many-generation OLG model describing a small-open economy with...
Persistent link: https://www.econbiz.de/10003883861
We study the inter- and intra-generational welfare consequences of alternative pension fund policies in response to unexpected demographic, financial, and macro-economic shocks. Our analysis is based on an applied OLG model of a small open economy with heterogeneous agents featuring a two-pillar...
Persistent link: https://www.econbiz.de/10008666196
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. However, simulation results seem to exhibit significant variation across publications, and the often criticised 'black box …' character of applied trade models makes meaningful comparisons of simulation results very difficult. As a potential remedy, this … paper presents a meta-analysis of simulation-based Doha round publications. The meta-regression explains simulated welfare …
Persistent link: https://www.econbiz.de/10003525570
This paper analyses the effects of cuts in the marginal tax rates on income from labour and capital on the macroeconomy and on the intergenerational distribution of welfare in a small open economy. For this purpose we set up a computable general equilibrium model incorporating overlapping...
Persistent link: https://www.econbiz.de/10009755237
This paper analyses the consequences of tightening environmental policy for economic growth. To find out how the new balanced growth path is reached in the long run, we simulate numerically for the short and medium term the transition path of a change in environmental policy within an endogenous...
Persistent link: https://www.econbiz.de/10009708571
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