Even if all greenhouse gas emissions stopped at once, temperatures are predicted to continue rising due to the inertia of the climate system. As skiing tourism in the Austrian Alps is highly climate sensitive, higher temperature and changed precipitation patterns require increased artificial...

Reassess the size of the fiscal multiplier in times of crisis Non-Ricardian DSGE model with a detailed fiscal sector Multipliers tend to be larger in times of crisis

This paper uses an OLG CGE model for the UK to illustrate the long-term effect on migration on the macroeconomy. As an illustration we use current UK government's migration target to reduce net migration "from hundreds of thousands to tens of thousands". Achieving this target would require to...

Venezuela is one of the countries with high levels of subsidies to the domestic energy consumption. Studies reveal that these subsidies amounted to 15 billion dollars in 2010 and threaten the strength of the energy sector (Villarroel (2012)). Energy prices have indeed been frozen since the 90s...

In last years, policy demand for information about the economic consequences of water management has increased significantly. It is due to the interaction between the hydrological and economic realm works both ways: water is transformed for economic use and the impact of economic use on water...

In this paper, we will try to analyze the impact of offshoring on employment in France. In economic analysis, is often associated the phenomenon of relocation to the problem of unemployment. Using a computable general equilibrium model (CGE), we simulate the relationship between offshoring to...

1 Introduction In 2009, major offshore natural gas deposits were discovered in Israel after historically being an energy-poor state relying on imported fossil fuels to meet its energy needs, and an energy island that is disconnected from energy infrastructure in the region, with the exception of...

The problem of lack of competitiveness has become one of the main concerns of European governments. This is reflected trough out the Europe 2020 Strategy that includes as key priority the promotion and efficient and productive use of inputs. Differently to other “well-behaved” European...

This paper provides empirical estimates of the impact of immigration on economic growth. A dynamic overlapping generations computable general equilibrium (OLG-CGE) model is used for this purpose. The basic structure of the model follows in the Auerbach and Kotlikoff tradition. However, the model...

To investigate to what extent adding financial frictions can contribute to an improvement in the quality of DSGE model-based forecasts DSGE models with and without financial frictions. Comparison of point and density forecasts. The main finding is that accounting for financial frictions...