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Poverty alleviation and the degree of centralisation in European schemes of social assistance
Hölsch, Katja - 2003
Persistent link: https://www.econbiz.de/10013428548
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Quasi-Monte Carlo methods in stochastic simulations : an application to fiscal policy simulations using an aggregate disequilibrium model of the West German economy 1960 - 1994
Franz, Wolfgang (contributor) - 1998
Different stochastic simulation methods are used in order to check the robustness of the outcome of policy simulations … possible margin. Because of nonlinearities confidence intervals for the simulation results have to be obtained by means of … stochastic simulations. The main contribution of this paper consists in presenting the simulation results. The robustness of …
Persistent link: https://www.econbiz.de/10000654506
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Foreign exchange interventions and their impact on expectations : evidence from the USD/ILS options market
Hertrich, Markus; Nathan, Daniel - 2022
Using confidential daily data, we analyse how the intervention episode of the Bank of Israel (BOI) from 2013 to 2019 has affected the foreign value of the Israeli new shekel (ILS) and the expectations about its future value. We find that interventions amounting to US dollar (USD) 1 billion are...
Persistent link: https://www.econbiz.de/10013259481
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Risky firms and fragile banks : implications for macroprudential policy
Gasparini, Tommaso; Lewis, Vivien; Moyen, Stéphane; … - 2024
Increases in firm default risk raise the default probability of banks while decreasing output and inflation in US data. To rationalize the empirical evidence, we analyse firm risk shocks in a New Keynesian model where entrepreneurs and banks engage in a loan contract and both are subject to...
Persistent link: https://www.econbiz.de/10014501102
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Monetary and macroprudential policy in an estimated DSGE model of the euro area
Quint, Dominic; Rabanal, Pau - 2014
In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...
Persistent link: https://www.econbiz.de/10010258716
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The macroeconomic effects of progressive taxes and welfare
Engler, Philipp; Strehl, Wolfgang - 2016
We analyze the positive and normative effects of a progressive tax on wages in a nonlinear New Keynesian DSGE model in the presence of demand and technology shocks. The non-linearity allows us to disentangle the effects of the progressive tax on the volatility and the level of macroeconomic...
Persistent link: https://www.econbiz.de/10011566088
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Are fiscal VAR's non-fundamentalness easily reversible through the addition of informative variables?
Vonbun, Christian; Lima, Elcyon Caiado Rocha - 2021
The VAR/SVAR (Vector Autoregressive and Structural Vector Autoregressive) models are the cornerstone of the contemporaneous empirical macroeconomic research, in particular for being able to measure the impact of fiscal policy shocks. They may be employed as atheoretical models, as well as a mean...
Persistent link: https://www.econbiz.de/10012486165
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National economic impacts of an EU environmental policy : an applied general equilibrium analysis
Conrad, Klaus; Schmidt, Tobias F. N. - 1995
The objective of this paper is to quantify the economic effects of the introduction of a system of tradable permits in the European Union (EU). For this purpose we use linked applied general equilibrium models (AGE) for eleven EU member countries. This method enables us to measure the change in...
Persistent link: https://www.econbiz.de/10011620808
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Understanding the Australian economy : a computable general equilibrium model with updated data and parameters
Verikios, George; Hanslow, Kevin; Mariano, Marc Jim; … - 2021
Persistent link: https://www.econbiz.de/10012604438
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National economic impacts of an EU environmental policy : an applied general equilibrium analysis
Conrad, Klaus; Schmidt, Tobias F. N. - 1995
Persistent link: https://www.econbiz.de/10013428017