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wage bill. The second example is based on the Kiyotaki-Wright model of money. I explain how equilibrium prices depend in a …
Persistent link: https://www.econbiz.de/10004993931
constitutes progress on the classic problem of integrating money and general equilibrium theory. We also use the model to discuss …
Persistent link: https://www.econbiz.de/10005428210
equilibrium); and price posting (competitive search equilibrium). We also extend work on the microfoundations of money by allowing …
Persistent link: https://www.econbiz.de/10005428390
Over the past decade, the increasing power and reliability of microcomputers and the development of sophisticated software designed specificallyfor use with them has led to significant changes in the way quantitative food policy analysis is conducted. These changes cover most aspects of...
Persistent link: https://www.econbiz.de/10009443361
This paper considers the combined use of regional input-output (IO) and computable general equilibrium (CGE) methods to examine regional pollution problems from different consumption and production orientated perspectives. The first stage of the analysis involves using a regional input-output...
Persistent link: https://www.econbiz.de/10009465810
One of the main concerns associated with the development and use of regional CGE models is the determination of key parameter values, particularly substitution and other price elasticities. A common problem is the lack of appropriate regional data for econometric estimation. Consequently, it is...
Persistent link: https://www.econbiz.de/10009465867
The application of multi-region environmental input-output (IO) analysis to the problem of accounting for emissions generation (and/or resource use) under different accounting principles has become increasingly common in the ecological and environmental economics literature, with many...
Persistent link: https://www.econbiz.de/10009465944
This paper examines the impact of imposing different separability assumptions in the specifications of the standard hierarchical KLEM production function in a computable general equilibrium (CGE) model. The appropriate means of introducing energy to sectoral production functions in CGE models...
Persistent link: https://www.econbiz.de/10009465951
i, 82 p. : ill.Honors project-Smith College, Northampton, Mass., 2009Includes bibiographical references (p. 47-50).
Persistent link: https://www.econbiz.de/10009467578
Cogley and Sargent provide us with a very useful tool for empirical macroeconomics: a Gibbs sampler for the estimation of VARs with drifting coefficients and volatilities. The authors apply the tool to a VAR with three variables-inflation, unemployment, and the nominal interest rate-and two...
Persistent link: https://www.econbiz.de/10010397377