Closed Economy
Monetary Policy Analysis in a Closed Economy: A Dynamic Stochastic General Equilibrium Approach
... a closed economy which approximately accounts for the empirical evidence concerning the monetary transmission mechanism, as summarized by impulse response functions derived from an estimated SVAR model, ...
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Quantifying hungry broiler breeder preferences using a closed economy T-maze task.
... Abstract: This study aimed to identify hungry broiler breeders (n = 12) preferences for quantitative (Control) or qualitative dietary restriction (QDR) in a closed economy environment. The QDR option was ...
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Measuring the Stance of Monetary Policy in a Closed Economy: A Dynamic Stochastic General Equilibrium Approach
... of closed economy DSGE models incorporating some of these features include those of Yun (1996), Goodfriend and King (1997), Rotemberg and Woodford (1995, 1997), and McCallum and Nelson (1999), while recent ...
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Metabolic adjustments to increasing foraging costs of starlings in a closed economy
... Knowledge of the physiological consequences of variation in food availability may be essential for understanding behavioural and life history responses to such variation. To study the physiological consequences of food ...
10
Disequilibrium macro economics in a closed economy : some extensions
... this economy can manipulate their output price, and since there are no real balances in the model they may thus manipulate the real wage using price and labour ...
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The new economics of the brain drain
... The point is that compared to a closed economy, an economy open to migration differs not only in the opportunities that workers face, but also in the structure of the incentives that the[r] ...
9
Structural Transformation under Trade Imbalances: the Case of Postwar U S
... three-sector closed economy model, which is a very first at- tempt in the structural change literature to consider the intra-industry trade of manufacturing ...the closed economy model when ...
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Strain and the inflation unemployment relationship: a conceptual and empirical investigation
... As in the case of the closed economy, intense friction and the magnitude of aggregate disequilibrium make it such that resource reallocation does not occur along the production possibili[r] ...
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Does the utility function form matter for indeterminacy in a two sector small open economy?
... open economy, the curvature of the utility function does not affect the investment decision, since unlike in the closed economy the agent can always borrow from the outside world to finance his ...
12
Tax incidence, majority voting and capital market integration
... This main result above has been derived for the case where labour income is not taxed, but the same basic e๏ฌect will be at work if both labour and capital can be taxed at di๏ฌerent rates. There are complications, however: ...
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YCSB+T: Bench marking Web Scale Transactional Databases
... We implement YCSB+T which is extended by YCSB benchmark system. In YCSB+T we develop new workload i.e. Closed Economy Workload (CEW) extended from workload from YCSB.As well as we concentrate on additional ...
5
Monetary Policy in a Small Open Economy with Non Separable Government Spending
... open economy case complicates the problem for monetary policy to the extent that the authorities must additionally take into account how the exchange rate affects other macroeconomic ...the ...
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Do Inada Conditions imply Cobb Douglas Asymptotic Behavior or only a Elasticity of Substitution equal to one
... a closed economy without government as given above, with ๐ 1 = ๐๐๐๐ ๐ก๐๐๐ก expressing consumerโs behavior , for an arbitrary chosen ๐ 1 โ [0,1] , for any given production function satisfying the Inada ...
10
Tax competition and politics: double edged incentives revisited
... Now consider the behaviour of firms. These are assumed competitive, i.e. they take factor prices as given. Due to the assumed constant returns to scale, we can assume without loss of generality that there is only one ...
24
Green net national product for the sustainability and social welfare
... in closed economy. Proof: For closed economy there is no exogenous technological progress and utility discount rate is ...for closed economy, maximum welfare equivalent income of ...
15
Complex dynamics in an OLG model of growth with inherited tastes
... OLG closed economy with inherited tastes (aspirations) `a la de la Croix (1996) and de la Croix and Michel (1999) by assuming a utility function with a Constant Inter-temporal Elasticity of Substitution ...
22
Empirical study : Shanghai-Hong Kong stock connection sign of efficiency improvement?
... a closed economy like China and a free economy like Hong Kong, the announcement of Shanghai-Hong Kong stock connection program seems to be a great opportunity for testing the well-known Efficiency ...
16
Wage Determination in Economies in Transition: Ireland, Spain and Portugal ESRI WP147 August 2002
... โclosed economyโ model we assume that firms are operating in a national economy and are unaffected by the external ...this closed economy model labour is also assumed to be ..."open ...
23
Should the Reserve Bank worry about the exchange rate?
... open economy monetary policy model and cali- brated these parameters into our viability ...Zealand economy should be modelled as an open economy instead of a closed ...
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INWARD-LOOKING DEVELOPMENT STRATEGIES AND ECONOMIC DEVELOPMENT IN SRI LANKA SINCE 1948 TO 1977
... a closed economy was proposed as suitable for the country, by the United Nations Organization, International Monetary Fund and the World ...the closed economy policy was introduced in order to ...
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