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appendix derivations dsge model pdf
... 2.9 household block 14 3 actuarial insurance firms 16 3.1 actuarial firms block 18 4 foreign investment firms 19 4.1 foreign investment firms block 19 5 government 21 5.1 government block 23 6 aggregators ... model 35 9.1 household block 35 9.2 actuarial firms block 36 9.3 foreign investment firms block 36 9.4 government block 37 9.5 aggregators block 37 9.6 production firms block 38 9.7 technology ...
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memo227.pdf
... - ) (a.7) labour supply lt wt ht (a.8) money demand mt actuarial firms block demand for production shares qt (a.10) 41 demand for foreign investment ... it kt adjustment cost function it kt-1 cp it foreign investment firms block optimal foreign bond holding (1) ft 1+ (fbt) (a.18) optimal foreign ... t g(st) g(st-1) h,t (a.31) 43 production firms block real output yt atk t-1l1- t (a.32) labour demand mcr t ...
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Athena
... theory, but some consumers are liquidity constrained. in the last block, the public sector (government, social security and pensions), some aspects ... overs between industries by allowing for exit and entry of firms based on performance considerations. the opportunities for continued per ... over time, due to entry and exit of firms. in the medium run, firms decide about the rate at which they adjust ...
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Microsoft Word - cpbdoc96
... relevance coordinated effects unilateral effects essential high entry barriers high entry barriers few firms few firms frequent interaction heterogeneous products important transparency a source cpb (2003), p. 34 ... anti-competitive cooperative behaviour of firms). the exemption is laid down in directive no 1534 91 and block exemption no block exemption allows insurance firms inter alia to cooperate ...
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dp175 systemic risk across sectors pdf
... want to test if the difference is significant. the following moving block bootstrap method is employed to test the null hypothesis eaf ... sample selection of firms because firms enter and leave the set of twenty largest firms, the sample of firms varies over time ... dependencies between the performance of firms. the sample of n0 selected firms is given, and the firms are labeled such that only firm 1, ...
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N:\...\EINDVERSIE_deel1.w [PFP#1030632807]
... privacy and equal treatment. these concerns limit the opportunities for policy innovation and may block the route of reform. in addition to a better targeting, governments can adopt three ... various benefits. lowering trade barriers allows countries to specialise according to comparative advantage, allows firms to exploit economies of scale and offers consumers a wider variety of products. economic ...
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L:\...\cpb_discussion1 .w [PFP#711495169]
... significantly contribute to reducing emissions, that can cost-effectively be applied by firms, but which nevertheless are not introduced by firms. these technologies tend to be called low hanging fruits. this ... , the model is therefore characterised by constant consumption, investment and capital stock. the climate block of the model is such that the steady state is characterised by constant and ...
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competition and regulation telecommunications markets pdf
... wholesale prices that they have to pay. earlyannouncementofregulatoryprinciples,andcommitmenttotheannounced principlesovertime,isvital regulatoryuncertaintycanreduce firms' incentives to invest in infrastructure. 1 2 although other segments (e.g., ... the static analysis by using the one-shot game as a building block for a dynamic model of competition. the regulator is implicitly incorporated in ...
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bijz8.pdf
... scenario study. in particular, instead of treating the european union as a single economic block, the present study narrows the focus on countries within the european union. 8 ... -american model (albert, 1992). nowadays different words fill the air unemployment, poor performance, firms investing abroad, structural rigidities, resistance to change, and political deadlocks. these weaknesses contrast ...
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N:\...\discussion17.wp [PFP#331423159]
... in a nutshell in the box below. the main building block of mini-mimic is wage formation, which is based ... integration makes it easier for firms to locate their activities elsewhere in europe. thus, firms can escape excessive wage demands by ... of coordination, respectively. a more plausible explanation is, therefore, that firms increasingly operate at an international scale while trade unions have ...
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