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analyzing macro economic impact child care subsidies age approach pdf
... .7 an overview of the model structure figure 1 presents an overview of the model structure. the numbers between brackets refer to the relevant model equations described in the previous sections. in order to illustrate the degree of disaggregation in several parts of the model ...
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Microsoft Word - don.doc
... . in the selection phase, the welfare function is maximized under a subset of model equations, comprising only of definitions, accounting identities and technical limitations. this yields the best ... 12 optimization. the model relations are accepted only if they do not unnecessarily preclude reaching the best possible result. in contrast, tinbergen (1952) relies on all model equations in finding ...
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N:\publicaties\...\cpbdoc30.wp [PFP#531103649]
... equations for labour and capital. the trend towards better theoretical foundations of the model equations also helps to answer the second problem raised by sims, the structural identification of the parameters of the model ... of the model. current econometric practice entails estimation of the model's equations by estimation of a restricted var for the equations of separate blocks of the model, using ...
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safe quarterly model dutch economy short term analyses pdf
... variables in other model equations. the only exception output gap, which plays a role in determining the structural general government financial balance. in the current model version, this means ... of volumes. equations of the model 2.1 introduction this section describes the main behavioural and institutional equations, using earlier fksec and jade9 model descriptions. new parts of the model, such ...
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worldscan model international economic policy analysis pdf
... equations for the core version 123 b country and sector classifications 139 c recent worldscan policy applications 143 6 preface worldscan is a flexible model ... equations are presented in appendix a which lists all model equations ...
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appendix derivations dsge model pdf
... 9.7 technology and definitions 39 references introduction this appendix derives the equations for our open economy monopolistic competition model. the model consists of a number of different blocks households, actuarial insurance firms ... production firm j. 27 6.3 aggregators block the aggregators give us the following equations for the final model evolution of terms of trade st st-1 f,t h,t (6 ...
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Athena
... model, the production structure, are now derived assuming optimising behaviour of firms. second, equilibrium aspects enter the wage rate equations. ... , in the model of the labour market more attention is paid to equilibrium mechanisms. third, the equations of the exports ... 5.2 imports the equations for imports of consumer goods are formulated according to the binomial linear logit model to prevent ...
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gamma simulation model ageing pensions and public finances pdf
... the model, here we present graphs in which the life-cycle of individuals is split up into two periods (i.e. je set of equations presented ... value and its production technology. subsequently the implied capital demand and wage equations will be presented. the derivations are relegated to appendix c. 2.4 ... t) (1-0)ws be(t -1)+1 pie(t) (2.14) equations (2.12), (2.13) and (2.14) determine the firm's budget. ...
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macroeconomic resilience dsge model pdf
... diagonal matrix of sample variances of the . 4.6 discussion - using a closed economy model the model we have described here contains no foreign variables and no exchange rates it is a ... the processes governing technological progress (equations 4.6 and 4.7) and the monetary policy rule (equations as described earlier, they are calibrated so that the model responses fit the responses from a ...
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tax policy and labor market sensitivity analysis age model pdf
... the alternative model versions deviate from mimic. 2 some salient features of mimic 2.1 general characteristics mimic uses the applied general-equilibrium methodology. behavioral equations are derived from microeconomic models of optimizing agents. the model also includes macro links by aggregating individual choices ...
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