Life cycle general equilibrium models with heterogeneous agents have a very hard time reproducing the American wealth distribution. A common assumption made in this literature is that all young adults enter the economy with no initial assets. In this article, we relax this assumption – not...

A broad literature highlights efficiency gains due to cost reduction after privatizations in the energysector. However, to the best of our knowledge, this literature does not develop general equilibriummodels, which are fundamental to account for post-privatization gains from a regional...

This article investigates the economic effects of carbon taxation, using a multi-sector general equilibrium model with intersectorial input-output linkages and greenhouse gas emissions. We construct a novel and comprehensive sector-level dataset incorporating all relevant sources of greenhouse...