The implications of European fiscal harmonization for the French economy are examined using a general equilibrium model. The model extends the overlapping generations, simulation model developed by Auerbach and Kotlikoff in three ways: a well-developed external sector is included; households face...

Sand filters are commonly used to protect drip irrigation systems especially when large amounts of organic contaminants are present. Moreover sand filters have the advantage of simplicity and large capacities in comparison with other types of filters.

Spain's participation in European integration has strengthened its policymaking credibility and created an enviroment conducive to sustainable economic growth. Over the last decade, Spain has seen improvements in inflation, output, employment, and its balance of payments, and it has...

This note assesses the relative efficiency of different tax bases in an open economy. If terms of trade effects are large, lump-sum taxation may be inferior to distortionary consumption or wage taxes. This result is demonstrated analytically using a simple neoclassical model. An overlapping...

This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face...

[eng] Liberation of Prices : a Solution for Employment ? Eric Bleuze, Michel Gilles, Thierry Pujol The article analyzes first the consequences of the liberation of the prices of the services most affected by international competition, and then analyses the macroeconomic impact of that liberation...

[eng] The paper uses a general equilibrium simulation model to gauge the impact of European fiscal harmonization upon the French economy. The approach taken in this study builds upon the overlapping generations simulation model developed by Auerbach and Kotlikoff (1987). The model we develop...

Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price...

The transition to a market economy has been analyzed primarily from a stabilization prospective. To complement that approach, we focus on a pure relative price shock and subsequent price adjustments. A model of monopolistic competition with costly labor adjustment indicates that relative price...