This paper highlights an underexplored margin of heterogeneity that shapes resilience to disruptions in global shipping - the differential reliance of countries and sectors on specific categories of vessels. We combine US bills of lading records with ship registry and AIS-based port call data to...

This paper highlights an underexplored margin of heterogeneity that shapes resilience to disruptions in global maritime trade - the differential reliance of countries and sectors on specific categories of vessels. We combine US bills of lading records with ship registry and AIS-based port call...

We study finite-player normal-form games with compact metric action spaces and bounded measurable payoffs. Our main theorem shows that every Nash equilibrium of such a game can be recovered as the limit, in the product weak topology, of Nash equilibria of finite games obtained by discretizing...

Mainly through regression discontinuity designs, Khanna (2023a) studies the impacts of a primaryschooling expansion in India in the 1990s. Absent from the data set are four districts close tothe modeled treatment discontinuity. Incorporating them cuts the impact of intention to treat onschooling...

This paper presents an assessment of the macroeconomic impact of the Digital Europe Programme, a cornerstone of the EU's commitment to drive digital transformation. Using the RHOMOLO spatial dynamic computable general equilibrium model, the analysis quantifies the effects of the programme's...

Population aging in middle-income economies produces macroeconomic and distributional consequences that aggregate frameworks cannot detect. This paper develops a multi-household CGE model calibrated to a 26-sector Social Accounting Matrix for Thailand (2024) and traces the labor, saving, and...

TiMBA (Timber market Model for policy-Based Analysis) is a partial economic equilibrium model that simulates the global forestry sector, capturing economic interactions from raw material extraction to the processing of intermediate and end products (TI-FSM et al. 2025). The model underwent an...

How should a developing country such as South Africa respond to the USA's "Liberation Day" Tariffs of April 2025 and subsequent shocks? Combining the GTAP-Dynamic (GDyn) Computable General Equilibrium model with an expanded Decision Support Model (DSM), we simulate five policy response scenarios...

This paper presents quantitative projections on the expected economic impact of the Investment Facilitation for Development (IFD) Agreement, which proceeds in three steps. First, we estimate the empirical impact of the host-economy investment facilitation environment on foreign affiliate sales....

This article provides a practical overview for applying the global games approach to solve models with multiple equilibria that are often used in discussions on fi- nancial and macroprudential policies. Global games offer a tractable approach to resolve multiple equilibria by introducing...

This paper studies mediation in infinitely repeated games with perfect monitoring. In departure from the literature, we assume that all private messages and internal records are publicly revealed at the end of each stage. We call the resulting equilibrium concept mediated subgame perfect...

U.S. tariff policy has historically balanced competing goals-revenue, protection, and reciprocity. Policy priorities have shifted over time in response to changing economic and political conditions. Using a calibrated general equilibrium model, we illustrate these trade-offs through the lens of...

This paper assesses the national and regional impacts of the Marrakech-Fès highway project in Morocco using a Spatial Computable General Equilibrium (SCGE) model combined with GIS-based road network data. The analysis captures how improved connectivity alters economic performance and emissions...

This paper assesses the long-term macroeconomic and environmental impacts of climate policies in the Czech Republic, a coal-dependent economy, under the EU's Fit-for-55 package. Using a hybrid dynamic Computable General Equilibrium (CGE) model, we integrate a bottom-up electricity module with...

We characterize the time-consistent solution to the cartel-fringe model of exhaustible resource extraction when the cartel acts as a von Stackelberg leader and renewable substitutes exist. For this feedback von Stackelberg equilibrium (FBSE), we show for each combination of stocks which...

The article studies differential capital taxation - distinct rates on interest income and risky profits - in a continuous-time representative-agent general equilibrium model with complete markets. It derives closed-form expressions for the equilibrium risk-free rate and the market price of risk....

This paper analyzes a monopolistic market with a continuum of consumers in the linear case. Consumers are vertically differentiated by a one-dimensional preference for quality, and the monopolist is allowed to offer a menu of quality-price pairs. The analysis shows that, in the linear case, the...

The 40th birthday of the Schumpeter Society offers an excellent chance to reflect on Schumpeter intellectual heritage, as well as its shortcomings and the subsequent developments. No doubt that reference to Schumpeter has been a precious shortcut to the rediscovery of the crucial importance of...

We study how idiosyncratic income risk shapes the aggregate and distributional effects of labor and capital income taxation in dynamic general equilibrium models. To this end, we compare a heterogeneous-agent (HA) model with uninsurable idiosyncratic labor productivity risk and a...

This paper examines the impact of shared religious composition on global wine trade. We assembled a novel dataset of bilateral wine trade flows and country-level religious affiliation for 102 countries from 1988 to 2023. Our theory-consistent gravity estimates show that a greater common share of...

This paper analytically explores how FDI are affected by Tariffs as President Trump has imposed retaliatory tariffs on countries which have trade surplus with US and declared this as a strategy to attract tariff jumping FDI into US.. Our motivational empirical results show that with greater...

Valuing ecological products is a crucial strategy for achieving carbon neutrality goals through nature-based solutions. Focusing on the Northeast China black soil region, this study provides a quantitative simulation of an Ecological Product Tax by integrating the InVEST model with a Computable...

In a simple partial equilibrium setting without externalities industrial subsidies promote manufacturing output in the subsidizing region but harm welfare, whereas spillover effects to welfare in other regions are positive if the country is large. In a general equilibrium model instead the...

This paper evaluates the economic impacts of the European Union (EU) and United Kingdom (UK) Carbon Border Adjustment Mechanism (CBAM) on Mozambique and South Africa-two countries with high exposure due to carbon-intensive exports. Using the Global Trade Analysis Project Circular Economy...