Capturing NAFTA's Impact With Applied General Equilibrium Models
نویسندگان
چکیده
The views expressed herein are those of the author and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.
منابع مشابه
The Impact of Monetary and Exchange Policies on the Country’s Trade balance Fluctuation with the Approach of Dynamic Stochastic General Equilibrium (DSGE) models
This paper uses the framework of new Keynesian school and the literature of the Dynamic Stochastic General Equilibrium (DSGE) model to build a general model that can be estimated for Iran economy. By simulating this model, the effects of the implementation of monetary and foreign exchange policies through policy instruments including bank interest rate, central bank international reserves and t...
متن کاملIdentifiability of Dynamic Stochastic General Equilibrium Models with Covariance Restrictions
This article is concerned with identification problem of parameters of Dynamic Stochastic General Equilibrium Models with emphasis on structural constraints, so that the number of observable variables is equal to the number of exogenous variables. We derived a set of identifiability conditions and suggested a procedure for a thorough analysis of identification at each point in the parameters sp...
متن کاملCapturing equilibrium models in modal logic
Here-and-there models and equilibrium models were investigated as a semantical framework for answer-set programming by Pearce, Valverde, Cabalar, Lifschitz, Ferraris and others. The semantics of equilibrium logic is given in an indirect way: the notion of an equilibrium model is defined in terms of quantification over hereand-there models. We here give a direct semantics of equilibrium logic, s...
متن کاملنرخ ارز واقعی به عنوان سازوکار انتقال پولی جدید در اقتصاد ایران: یک مدل تعادل عمومی پویای تصادفی
This paper examines whether in the analysis of the impact of monetary policy, the exchange rate can play a role along with the interest rate as a transmission mechanism of monetary policy effects on economic variables or not? For this purpose, the general dynamic stochastic equilibrium models were used in the form of a New Keynesian small open macro-economy; accordingly, in this study, the Baye...
متن کاملSimulating Impacts on Regional Economies: A Modeling Alternative
Practitioners and academics apply a range of regional economic models for impacts assessment. These models extend from a simple economic base through to input-output and econometric models and computable general equilibrium models. All such models have strengths and weaknesses. Dimensions of which impact assessment models are often compared include level of industry detail, data availability, a...
متن کامل