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Two-Fund Separation In Dynamic General Equilibrium [PDF]
SSRN Electronic Journal, 2005 This paper examines the two-fund separation paradigm in the context of an infinite-horizon general equilibrium model with dynamically complete markets and heterogeneous consumers with time- and state-separable utility functions. With the exception of the dynamic structure, we maintain the assumptions of the classical static models that exhibit two-fund
Karl Schmedders
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Lumpy Investment in Dynamic General Equilibrium [PDF]
SSRN Electronic Journal, 2006 Microeconomic lumpiness matters for macroeconomics. According to our DSGE model, it explains roughly 60% of the smoothing in the investment response to aggregate shocks. The remaining 40% is explained by general equilibrium forces. The central role played by micro frictions for aggregate dynamics results in important history dependence in business ...
Ruediger Bachmann +2 more
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Validating Dynamic General Equilibrium Model Forecasts [PDF]
, 2006 The maintained hypotheses embodied in structural general equilibrium models calibrated to data have tended to make economists and policy makers insecure regarding their empirical foundation. Advances in dynamic general equilibrium (DGE) theory and its empirical application have exacerbated this insecurity since the forecasts provide by these models ...
Li, NaiChia +3 more
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The effects of external money creation on macroeconomic, considering the inter - bank market with a dynamic general equilibrium method [PDF]
اقتصاد باثبات, 2021 Deposits are the most valuable source of banks . analyzing the effect of change of lending power on macroeconomic variables such as production and inflation is important.
Parisa Pourajam +2 more
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Analytical method to derive environmental policy effects in an endogenous growth model with leisure
MethodsX, 2022 There is deep-rooted opposition to strict environmental regulations, stating that they will lead to job losses and production contraction. Identifying environmental policies compatible with economic growth and pollution reduction is necessary to promote ...
Yoshihiro Hamaguchi +2 more
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Dynamic Spatial General Equilibrium
Econometrica, 2021 We incorporate forward‐looking capital accumulation into a dynamic discrete choice model of migration. We characterize the steady‐state equilibrium; generalize existing dynamic exact‐hat algebra techniques to incorporate investment; and linearize the model to provide an analytical characterization of the economy's transition path using spectral ...
Kleinman, Benny +2 more
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Investigating the Repercussion of Macroeconomic Variables to Taxes in the Iranian Economy in the Framework of the Dynamic Equilibrium General Equilibrium Model [PDF]
مجله توسعه و سرمایه, 2021 Objective: The main purpose of this paper is to evaluate the effect of tax shocks on consumption of domestic and imported consumer goods, labor income tax and corporate tax on gross domestic product and inflation in the framework of dynamic stochastic ...
Ali Reza Hassanzadeh Jezdani
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General Equilibrium and Dynamic Inconsistency
SSRN Electronic Journal, 2022 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Kirill Borissov +2 more
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Empirical Models of General Economic Equilibrium [PDF]
Prostranstvennaâ Èkonomika, 2014 The article considers possibilities and limitations of empirical models of general economic equilibrium and gives their classification. The author divides computable models of general economic equilibrium into two groups: the first one is based on a ...
Dmitriy Aleksandrovich Izotov
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Frontiers in Energy Research, 2021 This paper develops a dual sectors dynamic equilibrium model and introduces electricity consumption and water consumption in a growth model that tested by using a time series data set from 1950 to 2014 in Guangzhou, China.
Yiming He, Shaoui Gao
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