Lucas (In: Brunner, K., Meltzer, A.H. (Eds.), The Phillips Curve and the Labor Markets, Supplementary Series to the Journal of Monetary Economics, 1976, pp. 19–46) pointed out, that when optimization is performed on a deterministic macro model, the resulting policy may not reflect the true...

The main goal of this paper is to highlight the exploration of a corporate path for obtaining sustainable economic growth through the private – public partnership principle. The basic hypothesis offers the idea of an integrated proactive governance system created to succeed by combining in...

We explore bifurcation phenomena in the open-economy New Keynesian model developed by Clarida, Gali and Gertler (2002). We find that the open economy framework can bring about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters...

We explore bifurcation phenomena in the open-economy New Keynesian model developed by Gali and Monacelli (2005). We find that the open economy framework brings about more complex dynamics, along with a wider variety of qualitative behaviors and policy responses. Introducing parameters related to...

The DUALI/DUALPC software is a system for solving quadratic-linear opimal control models. DUALI (pronounced "dual-I") provides a graphical interface for both deterministic and stochastic models as well as solvers for deterministic models and for passive learning stochastic models. DUALPC...

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Tunisia's solid growth performance continued in 1998 (5 percent) despite a contraction of agricultural production. A Market rise in the rate of investmment was accompained by a commensurate increase in the saving rate, and the external current account deficit widened only slightly to 3.4 percent...