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Displaying results 1 to 24 of 24.

  1. Monetary policy rules and oil price shocks
  2. The serendipity theorem for an endogenous open economy growth model
    Published: 2018
    Publisher:  Maastricht Economic and Social Research Institute on Innovation and Technology (UNU‐MERIT), Maastricht, The Netherlands

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / United Nations University, UNU-MERIT ; #2018, 001
    Subjects: Open economy; endogenous growth; human capital; serendipity theorem; ageing
    Scope: 1 Online-Ressource (circa 12 Seiten), Illustrationen
  3. Implications of the slowdown in trend growth for fiscal policy in a small open economy
    Published: May 2020
    Publisher:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, Canberra

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    VSP 1716
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper ; 2021, 18 (February 2021)
    Subjects: Open economy; trend growth; fiscal policy; real business cycles; estimation; structuralbreaks
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  4. Dividend imputation, investment and capital accumulation in open economies
    Published: March 2022
    Publisher:  Australian National University, [Canberra]

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 0868316873
    Series: ANU working papers in economics and econometrics ; # 687
    Subjects: Double taxation; Franking tax credit; Fiscal policy; Firm heterogeneity; Overlapping generations; Open economy; Dynamic general equilibrium; Welfare
    Scope: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  5. Dealing with illegal immigration
    the role of informality, taxation and trade
    Published: [2018]
    Publisher:  Institut de recherches économiques et sociales de l'Université catholique de Louvain, Louvain-la-Neuve, Belgique

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    VS 107
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 2078.1/202443
    Series: Discussion paper / Institut de recherches économiques et sociales de l'Université catholique de Louvain ; 2018, 7
    Subjects: Illegal immigration; Informal sector; Shadow economy; Taxation; Immigration policy; Globalisation; Open economy
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  6. Reaching for the (r)‐stars
    estimating South Africa’s neutral real interest rate
    Published: February 2019
    Publisher:  Economic Research and Statistics Department, South African Reserve Bank, Pretoria

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    Contributor: Loewald, Christopher (HerausgeberIn)
    Language: English
    Media type: Book
    Format: Online
    Series: South African Reserve Bank working paper series ; WP, 19, 01
    Subjects: Neutral real interest rate; Monetary policy; Bayesian estimation; Open economy
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  7. Labor market effects of technology shocks biased toward the traded sector
    Published: [2019]
    Publisher:  Lancaster University Management School, Lancester

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economics working paper series ; 2019/023
    Subjects: Sectoral technology shocks; factor-augmenting efficiency; Open economy; Labor reallocation across sectors; CES production function; Labor income share
    Scope: 1 Online-Ressource (circa 152 Seiten), Illustrationen
  8. Labor market effects of technology shocks
    biased toward the traded sector
    Published: December, 2019
    Publisher:  Center for Research in Economics and Management, University of Luxembourg, Faculty of Law, Economics and Finance, Luxembourg

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    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2019, 18
    Subjects: Sectoral technology shocks; factor-augmenting efficiency; Open economy; Labor reallocation across sectors; CES production function; Labor income share
    Scope: 1 Online-Ressource (circa 152 Seiten), Illustrationen
  9. The dispersion of mark-ups in an open economy
    Published: [2021]
    Publisher:  OFCE, Paris, France

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    ZSS 48
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Sciences Po OFCE working paper ; no 2021, 10
    Subjects: Heterogeneous firms; Endogenous Entry; Open economy; Strategic pricing; Optimal taxation
    Scope: 1 Online-Ressource (circa 40 Seiten)
  10. Is there consumer risk-pooling in the open economy?
    the evidence reconsidered
    Published: October 2020
    Publisher:  Cardiff Business School, Cardiff University, Cardiff, United Kingdom

    We revisit the evidence on consumer risk-pooling and uncovered interest parity. Widely used singleequation tests are strongly biased against both. Using the full-model, Indirect Inference test, which is unbiased and has Goldilocks power by Monte... more

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    We revisit the evidence on consumer risk-pooling and uncovered interest parity. Widely used singleequation tests are strongly biased against both. Using the full-model, Indirect Inference test, which is unbiased and has Goldilocks power by Monte Carlo experiments, we …nd that both the risk-pooling hypothesis and its weaker UIP version are generally accepted as part of a full world DSGE model.The fact that the risk-pooling hypothesis, with its implication of strong cross-border consumer linkage,has passed this test with generally the highest p-value, suggests that it deserves serious attention from policy-makers looking for a relevant model to discuss international monetary and other business cycle issues.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/250322
    Series: Cardiff economics working papers ; no. E2020, 12
    Subjects: Open economy; consumer risk-pooling; UIP; full-model test; IndirectInference
    Scope: 1 Online-Ressource (circa 13 Seiten), Illustrationen
  11. Sectoral fiscal multipliers and technology in open economy
    Published: [2021]
    Publisher:  Lancaster University Management School, Lancester

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Economics working paper series ; 2021/005
    Subjects: Sector-biased government spending shocks; Endogenous technological change; Factor-augmenting efficiency; Open economy; Labor reallocation; CES production function; Labor income share
    Scope: 1 Online-Ressource (circa 150 Seiten), Illustrationen
  12. The dispersion of mark-ups in an open economy
    Published: [2021]
    Publisher:  Center for Research in Economics and Statistics, Palaiseau, France

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / Center for Research in Economics and Statistics ; no. 2021, 17 (October 2021)
    Subjects: Heterogeneous firms; Endogenous Entry; Open economy; Strategic pricing; Optimal taxation
    Scope: 1 Online-Ressource (circa 37 Seiten)
  13. Labor market effects of technology shocks biased toward the traded sector
    Published: [2021]
    Publisher:  Lancaster University Management School, Lancester

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    Language: English
    Media type: Book
    Format: Online
    Series: Economics working paper series ; 2021/012
    Subjects: Sector-biased technology shocks; Factor-augmenting efficiency; Open economy; Labor reallocation; CES production function; Labor income share
    Scope: 1 Online-Ressource (circa 217 Seiten), Illustrationen
  14. Labor market effects of technology shocks biased toward the traded sector
    Published: Octobre, 2021
    Publisher:  University of Luxemborg, Faculty of Law, Economics and Finance, Luxembourg

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10993/48350
    Series: Array ; 2021, 15
    Subjects: Sector-biased technology shocks; Factor-augmenting efficiency; Open economy; Labor reallocation; CES production function; Labor income share
    Scope: 1 Online-Ressource (circa 217 Seiten), Illustrationen
  15. Dividend imputation, investment and capital accumulation in open economies
    Published: [2022]
    Publisher:  CEPAR, ARC Centre of Excellence in Population Ageing Research, [Kensington, NSW]

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    Series: Working paper / CEPAR, ARC Centre of Excellence in Population Ageing Research ; 2022, 05
    Subjects: Double taxation; Franking tax credit; Fiscal policy; Firm heterogeneity; Overlapping generations; Open economy; Dynamic general equilibrium; Welfare
    Scope: 1 Online-Ressource (circa 64 Seiten), Illustrationen
  16. Identification robust empirical evidence on the Euler equation in open economies
    Published: 2020
    Publisher:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, [Canberra]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper ; 2020, 07 (February 2020)
    Subjects: Euler equation; Weak identification; Open economy
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  17. Identification robust empirical evidence on the Euler equation in open economies
    Published: [2020]
    Publisher:  The University of Western Australia, Department of Economics, [Crawley, WA]

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    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / The University of Western Australia, Economics ; 20, 01
    Subjects: Euler equation; Weak identification; Open economy
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  18. MAJA: a two-region DSGE model for Sweden and its main trading partners
    Published: July 2020
    Publisher:  Sveriges Riksbank, Stockholm

    The Swedish economy is strongly dependent on global economic developments, which is re‡ected in generally strong empirical relationships between Swedish and foreign macroeconomic variables. It is, however, diffi cult for standard open-economy dynamic... more

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    DS 204
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    The Swedish economy is strongly dependent on global economic developments, which is re‡ected in generally strong empirical relationships between Swedish and foreign macroeconomic variables. It is, however, diffi cult for standard open-economy dynamic stochastic general equilibrium (DSGE) models to generate substantial cross-country spillovers; see e.g. the seminal paper of Justiniano and Preston (2010). We present a two-region DSGE model that better captures the dependence on global economic developments than previous models. It is estimated on data for Sweden and an aggregate of its main trading partners, the euro area and the United States, for the period 1995Q2-2018Q4. To capture the strong empirical relationships between Sweden and the foreign economy, we assume that global shocks to e.g. technology, real interest rates, financial risk, and firm and consumer sentiment directly affect both economies, while their impact on each economy may differ. We also allow for a ‡exible specification of the demand for Swedish exports to better account for the ‡uctuations in Swedish trade. Finally, headline and core in‡ation are distinguished by the introduction of consumption of energy goods, which allows for a more detailed and realistic analysis of in‡ation developments. This new model, named MAJA (Modell för Allmän JämviktsAnalys), is used by the Riksbank for interpretation of economic developments, forecasting, scenarios, and policy analysis. It builds on the work of Christiano, Eichenbaum, and Evans (2005) and Smets and Wouters (2003) and the Riksbank's previous models, Ramses I and Ramses II (see Adolfson et al. (2007) and Adolfson et al. (2013), respectively).

     

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    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/232594
    Series: Sveriges Riksbank working paper series ; 391
    Subjects: DSGE model; Monetary Policy; Open economy; International spillovers; Bayesian estimation
    Scope: 1 Online-Ressource (circa 104 Seiten), Illustrationen
  19. Attitudes toward climate policies in a macrodynamic model of the economy
    Published: [2018]
    Publisher:  Università di Siena, [Siena]

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Quaderni del Dipartimento di economia politica e statistica ; n. 784 (settembre 2018)
    Subjects: Sustainability; Open economy; Environmental innovation; Porterís hypothesis; Thirwallís Law
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  20. Identification versus misspecification in New Keynesian monetary policy models
    Published: 08/02/2019
    Publisher:  Sveriges Riksbank, Stockholm

    In this paper, we study identification and misspecification problems in standard closed and open-economy empirical New-Keynesian DSGE models used in monetary policy analysis. We find that problems with model misspecification still appear to be a... more

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    In this paper, we study identification and misspecification problems in standard closed and open-economy empirical New-Keynesian DSGE models used in monetary policy analysis. We find that problems with model misspecification still appear to be a first-order issue in monetary DSGE models, and argue that it is problems with model misspecification that may benefit the most from moving from a classical to a Bayesian framework. We also argue that lack of identification should neither be ignored nor be assumed to affect all DSGE models. Fortunately, identification problems can be readily assessed on a case-by-case basis, by applying recently developed pre-tests of identification.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/215440
    Edition: Revised November 2018
    Series: Sveriges Riksbank working paper series ; 362
    Subjects: Bayesian estimation; Monte-Carlo methods; Maximum Likelihood Estimation; DSGE Model; Closed economy; Open economy
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  21. Identification versus misspecification in new keynesian monetary policy models
    Published: 26 January 2019
    Publisher:  Centre for Economic Policy Research, London

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    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP13492
    Subjects: Bayesian estimation; Monte-Carlo methods; Maximum Likelihood Estimation; DSGE Model; Closed economy; Open economy
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  22. Income distribution and the multiplier
    an exploration of nonlinear distribution effects in linear Kaleckian distribution and growth models
    Published: September 2019
    Publisher:  Berlin School of Economics and Law, Institute for International Political Economy Berlin, Berlin

    In this paper, I show that the income-autonomous demand multiplier of Keynesian-Kaleckian models is endogenous to changes in income distribution. This effect gives rise to non-linearity of distributional effects, even in basic models. Under certain... more

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    In this paper, I show that the income-autonomous demand multiplier of Keynesian-Kaleckian models is endogenous to changes in income distribution. This effect gives rise to non-linearity of distributional effects, even in basic models. Under certain conditions, an important consequence from the distribution-sensitive multiplier is that a higher wage share can have increasingly expansionary effects, which might even shift a profit-led investment regime to a wage-led one in the basic post-Kaleckian model. Surprisingly, the respective literature on distribution and growth largely ignored these features of Keynesian-Kaleckian macroeconomic models. After a theoretical discussion on the implications of the distribution-sensitive multiplier in basic closed- and openeconomy models, I present a counterfactual illustration based on empirical parameter estimations from the literature and the development of functional income distribution for selected EU countries. My analysis indicates that a rising profit share has put partial downward pressure on the wage-ledness of aggregate demand in many EU countries. These results stress the relevance of this particular form of path dependency for empirical research and policy debates on distribution and growth.

     

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    hdl: 10419/203146
    Series: Working paper / Institute for International Political Economy Berlin ; no. 121 (2019)
    Subjects: Keynesian models; Kaleckian models; Multiplier; Income distribution; Open economy
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  23. Can a small New Keynesian model of the world economy with risk-pooling match the facts?
    Published: April 2019
    Publisher:  Cardiff Business School, Cardiff University, Cardiff, United Kingdom

    We ask whether a model of the US and Europe trading with the rest of the world can match the facts of world behaviour in a powerful indirect inference test. One version has uncovered interest parity (UIP), the other risk-pooling. Both pass the test... more

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    We ask whether a model of the US and Europe trading with the rest of the world can match the facts of world behaviour in a powerful indirect inference test. One version has uncovered interest parity (UIP), the other risk-pooling. Both pass the test but the most probable is risk-pooling. This is consistent with risk-pooling failing a number of single equation tests, as has been found in past work; we show that these tests will typically reject risk-pooling when it in fact prevails. World economic behaviour under risk-pooling shows much stronger spillovers than under UIP with opposite monetary responses to the exchange rate. We argue that the risk-pooling model therefore demands more attention from policy-makers.

     

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    hdl: 10419/230443
    Series: Cardiff economics working papers ; no. E2019, 10
    Subjects: Open economy; UIP; risk-pooling; test; Indirect Inference
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  24. Balancing act
    weighing the factors affecting the taxation of capital income ina small open economy
    Published: June 2016
    Publisher:  Oxford University Centre for Business Taxation, Oxford

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    Series: Working paper / Oxford University Centre for Business Taxation ; wp 16, 08
    Subjects: Optimal taxation; Open economy; Income shifting; Corporate taxation
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen