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An estimated DSGE model of a Small Open Economy within the Monetary Union: Forecasting and Structural Analysis
Rychalovska, Yuliya; Marcellino, Massimiliano - EcoMod Network - 2013
In this paper we build and estimate a two-region DSGE model of a small open economy within the European Monetary Union. We evaluate the properties of the estimated model and assess its forecasting performance (point and density) relative to reduced form models such as VARs. In addition, we study...
Persistent link: https://www.econbiz.de/10010902701
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EMU Imbalances in a Two-Country Overlapping Generations Model
Farmer, Karl - EcoMod Network - 2013
The present sovereign debt crisis in the Economic and Monetary Union of the EU (EMU) is partly attributable to the pronounced increase in external imbalances across northern and southern euro zone countries during the years running up to 2007 (Lane and Milesi-Ferretti, 2011). While the behavior...
Persistent link: https://www.econbiz.de/10010902736
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Aging, labour market dynamics and fiscal imbalances
Marchiori, Luca; Pierrard, Olivier; Sneessens, Henri R. - 2012
Persistent link: https://www.econbiz.de/10009665910
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Aging, Labour Market Dynamics and Fiscal Imbalances
Marchiori, Luca - 2016
structural reforms in order to avoid the development of fiscal imbalances. In Luxembourg, large inflows of – young – foreign … this paper, we study the interactions between demographic changes, labour market dynamics and public finance, by building …-Mortensen-Pissarides. We calibrate the model on Luxembourg data and we show that foreign labour inflows are a palliative but not a long term …
Persistent link: https://www.econbiz.de/10013007868
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Population ageing and public finance burden of dementia : micro-simulations evaluating risk factors, treatments and comorbidities in Luxembourg
Pi Alperin, Maria Noel; Perquin, Magali; Giordana, … - In: The journal of the economics of ageing 28 (2024), pp. 1-17
Persistent link: https://www.econbiz.de/10014551326
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Population ageing and the public finance burden of dementia : a simulation analysis
Pi Alperin, Maria Noel; Perquin, Magali; Giordana, … - 2023
Persistent link: https://www.econbiz.de/10014233427
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... und ist lange zyt wunderlichin in landt van Lucemburg umbgangen ... : Motive und Modalitäten landesherrlicher Pfandpolitik im spätmittelalterlichen Luxemburg (1346-1437)
Birkel, Christa - In: Vierteljahrschrift für Sozial- und … 109 (2022) 2, pp. 211-233
Persistent link: https://www.econbiz.de/10013370541
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Where Are the Industrial Technologies in Energy-Economy Models? An Innovative CGE Approach for Steel Production in Germany
Schumacher, Katja; Sands, Ronald D. - 2006
Top-down computable general equilibrium (CGE) models are used extensively for analysis of energy and climate policies. Energy-intensive industries are usually represented in top-down economic models as abstract economic production functions, of the constant-elasticity-ofsubstitution (CES)...
Persistent link: https://www.econbiz.de/10010324239
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Prices vs. Quantities Revisited: The Case of Climate Change
Pizer, William A. - 1997
Uncertainty about compliance costs causes otherwise equivalent price and quantity controls to behave differently. Price controls - in the form of taxes - fix the marginal cost of compliance and lead to uncertain levels of compliance. Meanwhile quantity controls - in the form of tradable permits...
Persistent link: https://www.econbiz.de/10009446697
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The Eastern Enlargement of the Eurozone and Labour Market Adjustment
Kiander, Jaakko; Vaittinen, Risto; Paas, Tiiu - 2002
This paper analyses the economic effects of the eastern enlargement of the EU both on the existing Member States and the candidate countries using simulation results of a dynamic computable general equilibrium model. In addition to conventional trade policy impacts such as custom union formation...
Persistent link: https://www.econbiz.de/10010262874