Explore John R. Hicks' impact on economics, including his Nobel-winning work in general equilibrium and welfare theory, and ...
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 ...
The American Journal of Economics and Sociology, Vol. 59, No. 2 (Apr., 2000), pp. 315-333 (19 pages) Using a general equilibrium model that is completely free of macroeconomic aggregates, this paper ...
Discover how competitive equilibrium balances supply and demand in markets, maximizing economic efficiency for profit-driven producers and value-seeking consumers.
This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies. This panel dynamic stochastic general equilibrium model features a range of ...
These models can capture many complexities, but these complexities can make results difficult to interpret. Analytical general equilibrium (AGE) models provide better intuition and interpretation but ...
Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation The paper presents a simple supply side, general equilibrium model to estimate the macroeconomic effects of labor tax cuts.
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