We present a general equilibrium model of the new neoclassical synthesis that has the same level of generality as the Arrow-Debreu model. This involves a stochastic multi-period economy with a ...

In 1985-86 the authors were members of a team that constructed a static applied general equilibrium model that was used to analyze the impact on the Spanish economy of the 1986 fiscal reform, which ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies.

A new article in the Journal of Financial Stability by Professor Julio Dávila (Nazarbayev University) and Dr. Elizaveta Lukmanova (Central Bank of ...

Traditional applied general-equilibrium (AGE) models have always faced trade-offs between analytical and computational tractability and counter-empirical restrictions. One is the assumption of ...

Green, Jerry R. "A Simple General Equilibrium Model of the Term Structure of Interest Rates." Harvard Institute of Economic Research Discussion Paper, No. 183, January 1971.

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper jointly analyzes the optimal conduct of monetary policy, foreign exchange intervention, fiscal policy, ...

Motivated by behavioral evidence, we develop a tractable method for incorporating competition neglect in a general equilibrium firm investment problem. Competition neglect causes firms to ...

China introduced the world's largest emissions trading system in 2021 which is intended to help cost-effectively achieve its pledges of reaching a peak in CO2 emissions before 2030 and carbon ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. David Kindness is a Certified Public Accountant (CPA) and an expert in the ...