-Keynesian model with an endogenous distribution of wealth between workers and capitalists which permits such a corner solution of all … Cambridge equation. More importantly, simulations show that the model conforms to Piketty's empirical findings during a … by our model. …

This paper estimates a dynamic stochastic general equilibrium (DSGE) model for the European Monetary Union by using … Bayesian techniques. A salient feature of the model is an extension of the typically postulated quadratic cost structure for …

-up electricity sector model HECTOR. Simulation results show that investment costs strongly influence the market deployment of coal …

In this paper we introduce HECTOR, a new and advanced long-term electricity market model that simulates market behavior … considerations. The model simulates the electricity markets of 19 European countries, with over 400 groups of power plants, and is … able to closely approximate historic electricity prices. The average base load price computed by the model for 2006 …

This paper presents a simulation model of the main budget aggregates of federal, provincial and territorial governments …

Estimates of the macroeconomic indicators are carried out with an econometric model which tries to estimate the medium …