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1 - 10 van 60 voor generation models
N:\publicaties\...\cpbdoc30.wp [PFP#531103649]
... , one part of sims's critique was that the long run of macroeconometric models was essentially unrestricted, as the models used to be constructed on an equation-by-equation basis, generally neglecting ... a discouraged worker effect is included in terms consumption model is based on the overlapping generation models of yaari(1965) and blanchard(1985). 36 benefits grow with the same rate as labour ...
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memo1960.pdf
... paper evaluates approximation methods to make manageable the numerical solution of overlapping generation models with aggregate risk. the paper starts with a model in which ... practise to linearize complicated models to make them empirically manageable. the second characteristic holds only partially in overlapping generation models. a characteristic of overlapping generation models is the finite ...
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Microsoft Word - Memorandum AFC.doc
... (as in first-generation models of financial crises). nor was it merely the result of self-fulfilling expectations (second-generation models). rather, the asian crisis stood model for a third generation of financial crisis literature ...
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access regulation and adoption voip pdf
... also depict the roll-out of completely ip-based next generation networks , such as bt's 21st century network. in our ... customer base for voip telephony; 17 note that in standard models of price competition with differentiated products firms offer strategic complements ... its customer base. such predatory behavior arises in dynamic models, in particular with consumer switching costs. we leave it ...
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Microsoft Word - ageing_.doc
... net benefit of a generation is measured by the amount of government expenditures each generation receives' over its full life cycle (from birth to death), minus how much this generation contributes by paying ... gamma approach brings the sustainability calculations more in line with other (cpb and non-cpb) models in which economic behaviour has long been recognised. obviously, it may deviate from the ...
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Microsoft Word - DP128_demooij _2_.doc
... . cbit has less appeal since it exacerbates marginal investment distortions. the outcomes from numerical cge models confirm this, as table 2.1 reveals. this view ignores, however, international distortions induced by ... plus an after-tax rate of return and by lump-sum transfers. moreover, the older generation is assumed to own the fixed factor used by firms. therefore, the old receive the ...
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Microsoft Word - DP ECA voorblad.doc
... , we use a numerical cge model for european union. cge-models are valuable for economic policy analysis as they combine three ... union. sorensen and brochner et al. apply computable general equilibrium models to ecas in tax rate and tax base harmonisation. sorensen (2000 ... of return and by lump-sum transfers. moreover, the older generation is assumed to own the ...xed factor used by ...rms. therefore ...
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Microsoft Word - DP CCCTB voorblad.doc
... plus an after-tax rate of return and by lump-sum transfers. moreover, the older generation is assumed to own the fixed factor used by firms. household optimization yields expressions for ... cost of capital depends on the substitution elasticity between labour and capital. most general equilibrium models adopt values between 0.5 and 1.0. we use a value basic calibration. we ...
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solving large scale normalised rational expectations models pdf
... models. 6.2 small numerical example in this section the jacobian of a small model is derived numerically. the model is a closed economy 3-generation ... negative subscripts and leads by signed positive subscripts. the first generation has not been modelled explicitly, but can be calculated as ch ... solved with a 1% increase in period size of the generation of 35 year old consumers. using this impulse the ...
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discussion paper 201 labour market cge models pdf
... and a deeper disaggrega- tion. starting from the default option of almost all rst-generation cge models market-clearing wages in a single labour market we can in principle develop in both ... shocks (new keynesian features typically cov- ered in dsge models), are beyond the scope of this chapter. finally, we concentrate on models at the national or multi-national level and disregard special ...
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