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computer models. This book presents a range of approaches used to model residential locations within the context of developing … land-use and transport models. These approaches illustrate the range of choices that modellers have to make in order to … represent residential choice behaviour. The models presented in this book represent the state-of-the-art and are valuable both …
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It is widely agreed that a fiscal rule should boost discipline and credibility, reduce macroeconomic volatility, and be easily understood. To support such goals, a government may run structural surpluses and accumulate a precautionary cushion of assets on behalf of agents who do not enjoy access...
Persistent link: https://www.econbiz.de/10014402069
The financial crisis has highlighted the importance of various channels of financial contagion across countries. This paper first presents stylized facts of international banking activities during the crisis. It then describes a simple model of financial contagion based on bank balance sheet...
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The quota database has been updated by one year through 2014. Overall, the results of the update continue the broad trends observed in previous updates, but the shifts between the main country groups are generally smaller. Using the current quota formula, the calculated quota share of Emerging...
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This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that...
Persistent link: https://www.econbiz.de/10014412096
The paper develops a small dynamic macroeconomic simulation model for a representative developing country which relies … and simulation of important policy questions in a general-equilibrium setting. Several policy experiments are conducted …
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