While optimal forest harvesting regulations (regional forest regeneration schedules) have been established using the linear programming technique, its modeling restriction is still a challenge in practice. In this study, we developed an alternative framework for establishing an optimal forest...

While optimal forest harvesting regulations (regional forest regeneration schedules) have been established using the linear programming technique, its modeling restriction is still a challenge in practice. In this study, we developed an alternative framework for establishing an optimal forest...

How should central banks take into account movements in asset prices in the conduct of monetary policy? We provide an analysis to address this issue using a dynamic stochastic general equilibrium model incorporating both price rigidities and financial market imperfections. Our findings are...

This paper constructs an estimated dynamic stochastic general equilibrium model to study the role of labor reallocation between production and organizational tasks within a firm in movements in measured TFP in Japan. Allocating more labor to organizational tasks strengthens the financial...