Staatsverschuldung und Außenhandel wirken über verschiedene Kanäle auf die Entwicklung von Volkswirtschaften. Um die Wirkungsmechanismen zu eruieren, werden mikroökonomisch fundierte dynamische makroökonomische Modelle diskutiert. Zur Anwendung kommen Modelle überlappender Generationen. In...

In order to explore the impact of the Sino-U.S. trade frictions on the macroeconomics of China and the United States, we construct a two-country two-sector dynamic stochastic general equilibrium (DSGE) model to explore the tariff transmission mechanism in trade frictions, which also provides a...

The closed economy neoclassical model predicts lung-run convergence in per-capita income. We show, within a neoclassical framework, that international trade among two countries differing only in their initial capital endowment generates long-run income differences. Our results suggests that...