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1 - 10 van 26 voor approach defines the equilibrium
Microsoft Word - memo166.doc
... the methodology to determine the equilibrium exchange rate. three approaches are generally applied in the literature to determine the equilibrium exchange rate the macroeconomic balance approach, the purchasing power parity (ppp) approach and the extended ppp approach. the macroeconomic balance approach defines the equilibrium rate as the ...
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Microsoft Word - discussion161.doc
... the firm industry level, and the spatial (geographical) level. the left-hand side of figure 1 provides three pictures of the framework we have in mind. the column in the middle defines the ...
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Microsoft Word - discussion165.doc
... equilibrium wage, but instead determine the lowest wage for which an employee is willing to work and the highest wage the employer is willing to pay. in the ... the right amount of effort for each task would require an intricate explicit labour contract, and high monitoring costs for the firm. second, it is hard to imagine a contract which adequately defines the ...
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gamma simulation model ageing pensions and public finances pdf
... the larger consumption possibilities in period 2. the right hand side of figure 2.1 presents the effects of a consumption price rise in the first period only. the equilibrium changes from s to s . the ... the first term before the brackets, the inverse of the complement of the profit tax, makes capital costs comparable to wage costs. it defines the user cost of capital as a before-tax variable. the ...
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health insurance competition pdf
... the same preferences, there is no guarantee that the employer will choose the plan that they all want. in the netherlands these issues play no role. the government defines the ... the introduction of group contracts in this case. to illustrate this with the example above, consider the case of a symmetric equilibrium (pi a pi b). then prices on the ...
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N:\publicaties\...\cpbdoc30.wp [PFP#531103649]
... the apparent non-constancy of equilibrium unemployment. the first approach assumes that the equilibrium rate of unemployment follows a smooth process without specifying the underlying economic mechanisms, see for example douven (1999). the second approach ...
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macroeconomic resilience dsge model pdf
... the state of the art of new keynesian dynamic stochastic general equilibrium (dsge) model building. these models are current practice in the academic literature combining a microfounded structural approach with an ability to mimic the ...
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Microsoft Word - 2009_02.doc
... the assessment of trade policy (wood and ridao-cano, 1999). if one chooses a computable general equilibrium approach to questions like these, the gtap dataset (diamaranan, 2006) is a natural point of departure. the ...
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memo228.pdf
... defines the utilization cost as a linear function in the scale of the capital owner. when the installed stock of capital doubles, the utilization cost also doubles, provided that the ... the real interest suffices to restore equilibrium in the market for savings (figure 5.5). the impact on both the real interest rate and the rental rate of capital is dampened. the latter follows from the ...
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memo244.pdf
... the graduation rates parameter sry. the second term in equation 2.13 defines the new inflow of human capital by skill. first, r ntry-1 indicates the ... the currently number of employed r d workers. on the other hand, if the current number of r d workers exceeds rp then the wages of the r d workers increases above wh and in equilibrium ...
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