This paper examines the impacts of public capital expenditures on the agricultural production, welfare, poverty and inequality in D.R Congo from 2013 to 2030, using computable general equilibrium model. Referring to the various strategic areas of the D.R Congo development, a gradual increase in...

This paper evaluates the contribution of agricultural growth to poverty reduction in the D.R.Congo over the projection period 2013 - 2020. It raises questions over the investment options to sustain such growth effort. We use a recursive dynamic computable general equilibrium model combine with...

This paper evaluates the contribution of agricultural growth to poverty reduction in the D.R.Congo over the projection period 2013 - 2020. It raises questions over the investment options to sustain such a growth effort. We use a recursive dynamic computable general equilibrium model combined...

Recent studies on shifting trend inflation use the Standard New Keynesian model with Calvo price settingto address welfare issues. Within this framework, the transmission mechanism gets mainly through pricedispersion as an inefficient source of distortion in the output. As a result, firms have...

Different methods have been used in the literature to measure and analyze price markup cyclicalbehavior. We use a medium-scale DSGE Model with positive trend inflation, in which neutral technology,the marginal efficiency of investment, and monetary policy shocks drive aggregate fluctuations and...

The existing literature on shifting trend inflation has, for the most part, focused on the Calvo staggered nominal contracts to address welfare issues. This paper proposes alternative nominal contracts in the form of Taylor in a fully specified medium small-scale New Keynesian Model featuring...

This paper analyzes the welfare costs related to changes in monetary policy and trend inflation in the Postwar U.S. economy. We use a medium-scale New Keynesian DSGE model and find the following results. First, changes in monetary policy and trend inflation play an essential role in reducing...