Example new mimic 

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analyzing fiscal policy netherlands simulations revised mimic pdf
... dutch economy in terms of economic growth and job creation has made the netherlands an example for other economies in europe. one explanation for the dutch miracle is related to ... incorporated in the new model. third, the previous mimic model assumes indexation between social benefits and wage costs. in practice, however, social benefits are linked to gross wages. the new mimic model incorporates ...
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tax policy and labor market sensitivity analysis age model pdf
... of recent empirical research; for example, new mimic features much higher export price elasticities, much lower substitution elasticities between capital and labor, and a new wage bargaining model. moreover, ... high marginal taxes; for example, new mimic takes account of the informal economy and of schooling by employers and employees. typically, the empirical base for these new parts is relatively ...
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