Showing 1 - 10 of 1,756
Recently, there has been wide interest in the "economics" of population aging. Demographic change has crucial consequences for economic behavior; it e.g. implies that consumption and investment decisions vary over the life-cycle. The latter has important implications for economic growth, whereas...
Persistent link: https://www.econbiz.de/10011575588
Persistent link: https://www.econbiz.de/10011850374
We propose a small open economy model where agents borrow internationally and invest in liquid foreign assets to insure against liquidity shocks, which temporarily shut out the economy of short-term credit markets. Due to the presence of a pecuniary externality individual agents borrow too much...
Persistent link: https://www.econbiz.de/10012425195
numerical policy evaluation. It integrates four strands of research: (1) the Ramsey model of consumer behaviour, (2) Tobin's q-theory … of investment, (3) Romer's theory of endogenous growth through horizontal product innovation, and (4) the Dixit …-Stiglitz-Ethier theory of intra-industry trade. Integrating the latter into a multiregional model is also an essential ingredient of the New …
Persistent link: https://www.econbiz.de/10011527388
Persistent link: https://www.econbiz.de/10010485768
Persistent link: https://www.econbiz.de/10011670798
Persistent link: https://www.econbiz.de/10011809640
Persistent link: https://www.econbiz.de/10011720404
This paper contributes to the theoretical understanding of strategic interactions of governments on global factor markets. We analyze carbon taxes and subsidies and their impact on national welfare in a fiscal federalism setting with international markets for capital and fossil resources, and...
Persistent link: https://www.econbiz.de/10012286334
Persistent link: https://www.econbiz.de/10011713274