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Persistent link: https://www.econbiz.de/10009001903
Over the past two years, the IMF staff has been developing a new multicountry macroeconomic model called the Global Economy Model (GEM). This paper explains why such a model is needed, how GEM differs from its predecessor model, and how the new features of the model can improve the IMF’s...
Persistent link: https://www.econbiz.de/10005590952
Persistent link: https://www.econbiz.de/10010900579
Aus einer Krise der internationalen Finanzmärkteist binnen einiger Monate eine weltumspannendeAbsatzkrise geworden. DieGlobalisierung, deren Chancen der industrielleMittelstand in der Vergangenheit durchExportstärke und Innovationskraft erfolgreichwahrgenommen hat, zeigt sich nunvon einer...
Persistent link: https://www.econbiz.de/10005867677
We model a general choice environment via probabilistic choice correspondences, with (possibly)incomplete domain and infinite universal set of alternatives. We offer a consistency restrictionregarding choice when the feasible set contracts. This condition, ‘contraction consistency’,...
Persistent link: https://www.econbiz.de/10005868593
Several policy issues arise in this context. If households are unable or unwilling to move inold age, their consumption behaviour may be constrained by asset illiquidity...
Persistent link: https://www.econbiz.de/10005869306
[...]The final force of change is the continual evolution of thedelivery channels through which financial services are offered.This has occurred in many ways and in several stages. First, theuse of postal services substituted for physical market presence;this was followed by increased use of...
Persistent link: https://www.econbiz.de/10005869902
the United States as well as in other countries,and to explore the implications of this decline and banks’responses to it … for financial stability and regulatory policy.A key policy issue is whether the decline of bankingthreatens to make the …
Persistent link: https://www.econbiz.de/10005870357
The decline in unskilled workers’ real wagesduring the 1980s in the United States andthe increase in their unemployment …
Persistent link: https://www.econbiz.de/10005870363
to extinction, and consequently fell into decline.Historians have put to rest any theories about the transport and … erection of statues. Instead, they debate the causes for decline, and wonder why the islanders permitted the continued … Easter Island’s ecosystem was unusually fragile, and consequently, in the long-term, decline and collapse was inevitable. The …
Persistent link: https://www.econbiz.de/10005870490