This paper describes the development of a portfolio balance model for an open economy with endogenous asset supply. Domestic producers finance capital goods through credit and bonds according to debt capital costs as well as equity assets. Private households hold a portfolio of domestic and...

A sectorally disaggregated CGE model is a powerful tool for economic policy simulation. Using the sectoral data, that are encompassing 71 sectors/commodities taken from the most recent input-output table refering to 2007, we were able to construct a detailed general equilibrium model for Germany...

In Switzerland, the research community along with public authorities are increasingly aware of the challenges raised by the necessity to adapt to future climate change. Such awareness results from the conviction that some amount of climate change will inevitably happen, even in case of important...

Trade liberalization in Kenya started in the early 1980’s with the structural adjustment programmes, and continued under the reciprocal trade liberalization under the WTO framework. There are several arguments that have been put forward in favour of trade liberalization such as economic...

Since Canada is a very open economy, globalisation and increased foreign competition may entail significant long-run labour market and distributional implications. Indeed, with increased foreign competition and China’s accession to the World Trade Organisation (WTO) in 2001, Canada is facing...

Russia is currently experiencing a turnaround in its energy and climate policy. In this paper, we analyse the effects of different environmental and energy policies on the Russian economy and the state of the environment at both federal and regional level. The core SUSTRUS model augmented by the...

In the case of the French overseas departments (DOM), particularly of Guadeloupe, which are at the dawn of the experiment reaching reforms of economic policies, development of a simulation tool such as a macroeconomic CGE appears naturally as a highly desirable requirement. This recourse to the...

In recognition of the potential of information and communication technology (ICT) and its important role to enhance the productivity of economic sectors and improving the welfare level of its citizens, the government of Egypt is developing both medium and long term plans to cope with the...

We quantitatively assess the macroeconomic effects of country-specific supply-side reforms in the euro area by simulating EAGLE, a multi-country dynamic general equilibrium model. We consider reforms in the labor and services markets of Germany (or, alternatively, Portugal) and the rest of the...

With the recent discovery of crude oil reserves along the Albertine Rift, Uganda is set to establish itself as an oil producer in the coming decade. Total oil reserves are believed to be two billion barrels, with recoverable reserves estimated at 0.8–1.2 billion barrels. At peak production,...