multi-sector general equilibrium TANK model, we show that TPS outperforms a CaT regime that redistributes carbon revenues to …

augmented gravity model is specified that is derived from the Helpman, Melitz and Rubenstein framework, which has two steps in … the specification and estimation of the model. The extensive margin is the first step - the probability of export - while …

significant rejections in our indirect inference test. Applying our method to a standard three-equation New Keynesian model and … the widely used Laubach-Williams model, we demonstrate that modest inaccuracies in specifying star variables clearly …

dynamics including its long-run behaviour, little attention has been paid to establishing whether a full structural model with … PPP can empirically explain the data. In this paper we test a DSGE model in which the long-run forces of trade force the … PPP-constrained model Öts the data well. Thus, even over quite a short recent sample the real exchange rate is being …