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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 …
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This paper studies the welfare impact of a common monetary policy in the context of a two-country, general equilibrium model with liquidity effect and nominal wage contracts, heterogeneous agents, imperfect competition in the labor market, trade in goods, immobility of labor and mobility of...
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increases the within-industry variance of, sales and reduces welfare gains as consumers dislike price heterogeneity. Our theory …
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In this paper we examine the quantitative effects of margin regulation on volatility in asset markets. We consider a general equilibrium in finite-horizon economy with heterogeneous agents and collateral constraints. There are two assets in the economy which can be used as collateral for...
Persistent link: https://www.econbiz.de/10010258788
economy has become highly integrated, and foreign outsourcing has become a standard practice for firms. While trade theory …
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