General equilibrium model with constraints
Soft budget constraints in a dynamic general equilibrium model
... dynamic general equilibrium model of an economy suffering from the soft budget constraint (SBC) ...budget constraints, however, may occur without any external support but as the result of ...
36
Entrepreneurship, Education and Credit Constraints: A General Equilibrium Model
... in equilibrium, since entrepreneurial productivity depends both on x and on ...our model, it is key that the human capital of the owner be a central determinant of the pro…ts of the …rm: thus, for example, ...
28
On the Price of Commitment Assets in a General Equilibrium Model with Credit Constraints and Tempted Consumers
... the equilibrium existence in the three-period production economy of a representative ...restore equilibrium existence in our model is the joint presence of commitment assets together with credit ...
21
The national impact of regional policy : policy simulation with labour market constraints in a two-regional computable general equilibrium model
... national constraints within which the system of regional economies ...Computable General Equilibrium (CGE) model of Scotland and the rest of the UK (RUK) to investigate these ...labour-market ...
32
The national impact of regional policy : policy simulation with labour market constraints in a two-regional computable general equilibrium model
... national constraints can be better appreciated in the context of a demand disturbance whose effect in conventional purely demand-driven single- and multi-regional Input- Output (IO) and Social Accounting Matrix ...
34
General Equilibrium with Endogenous Trading Constraints
... a general equilibrium model where agents are subject to endogenous trading constraints, making the access to financial trade dependent on prices and consumption ...of equilibrium ...
23
General Equilibrium with Endogenous Trading Constraints
... a general equilibrium model where agents are subject to endogenous trading constraints, making the access to financial trade dependent on prices and consumption ...of equilibrium ...
23
IS-LM and the multiplier: A dynamic general equilibrium model
... budget constraints we see that the optimal choices of the households can be somehow broken in two: The choice of Sit (i = 1, 2) and the allocation of this “total spending” Sit between consumption and ...
12
Entrepreneurship, Education and Credit: A General Equilibrium Model.
... agents from borrowing for college lowers GDP by 14 percent. Disallowing agents from borrowing for entrepreneurship lowers GDP by fully 36 percent. Our policy experiments indicate other important interactions between ...
44
Dividend taxation in an infinite horizon general equilibrium model
... a model with heterogeneous agents and borrowing constraints, which raises technical difficulties that methods in the standard optimal growth theory (Le Van and Dana, 2003; Acemoglu, 2009) are no longer ...
25
General Equilibrium with Endogenous Trading Constraints
... This general configuration is interesting, in particular, because if they are complemented with weaker conditions over the access to the market, then segmentation and/or exclusion of markets are present in the ...
14
Multiplicity and Sunspots in General Financial Equilibrium with Portfolio Constraints
... portfolio constraints in generating multiplicity of ...face constraints on their ability to take unbounded positions in risky ...such constraints, equilibrium allocation is unique and is ...
46
Multiplicity in General Financial Equilibrium with Portfolio Constraints, Second Version
... short-sale constraints, as well as distributional assumptions and behavioral biases to generate the desired multiplicity of ...portfolio constraints known as restricted participation, where some agents ...
36
A General Equilibrium Financial Asset Economy with Transaction Costs and Trading Constraints
... clearing model, we address a number of ...and constraints in asset ...deducing general or robust results in more general versions of the ...
46
Arbitrage and Equilibrium with Portfolio Constraints
... Such constraints on agents’ portfolios are not exceptional cases and can also explain why markets are ...sales constraints, margin requirements, frictions due to bid- ask spreads and taxes, collateral ...
22
Arbitrage and Equilibrium with Portfolio Constraints
... Such constraints on agents’ portfolios are not exceptional cases and can also explain why markets are ...sales constraints, margin requirements, frictions due to bid- ask spreads and taxes, collateral ...
21
Arbitrage and Equilibrium with Portfolio Constraints
... Such constraints on agents’ portfolios are not exceptional cases and can also explain why markets are ...sales constraints, margin requirements, frictions due to bid- ask spreads and taxes, collateral ...
20
Arbitrage and Equilibrium with Portfolio Constraints
... Such constraints on agents’ portfolios are not exceptional cases and can also explain why markets are ...sales constraints, margin requirements, frictions due to bid- ask spreads and taxes, collateral ...
22
Equilibrium unemployment in a general equilibrium model with taxes
... of equilibrium unemployment into a computable dynamic general equilibrium model to eval- uate the impact of matching technology in the long-run growth and level of utilities and lifetime ...
30
A Static General-Equilibrium Model
... Static General-Equilibrium Model Dynamic general equilibrium is the foundation of modern macroeco- nomic ...eral equilibrium using a simple static ...this model to explore ...
7