Economic Modelling最新文献_第7页

The EU–UK Trade and Cooperation Agreement: A short and long-term comprehensive analysis including FDI 欧盟-英国贸易与合作协定》：包括外国直接投资在内的短期和长期综合分析

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-24 DOI: 10.1016/j.econmod.2024.106827

{"title":"The EU–UK Trade and Cooperation Agreement: A short and long-term comprehensive analysis including FDI","authors":"","doi":"10.1016/j.econmod.2024.106827","DOIUrl":"10.1016/j.econmod.2024.106827","url":null,"abstract":"<div><p>This study thoroughly assesses the impact of Brexit through trade, combining a static and dynamic computable general equilibrium (CGE) model and a structural gravity model. Our analysis allows us to shed light on the role of trade and the potential effects of foreign direct investment (FDI), which has received less attention in the context of Brexit. We simulate a hard Brexit and the new trade and cooperation agreement negotiated by Boris Johnson. We analyse several reductions in the United Kingdom's (UK) capital stock, consistent with the empirical evidence on potential reductions in the FDI capital stock after Brexit. This approach allows us to disentangle the effects of trade's static (short-term) impact from its dynamic (long term) impact. We focus on the impact for the UK but offer macro-economic results for the European Union (including individual countries), the United States, China and the rest of the world. The gravity model estimates considerably larger contractions in the UK's gross domestic product but a smaller role for FDI than the CGE. UK services sectors are affected more negatively than what previous analyses of Brexit focusing on trade suggest.</p></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141852558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Understanding the heterogeneity of interest rate adjustments to monetary policy: Evidence for Colombia 理解利率调整对货币政策的异质性：哥伦比亚的证据

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-23 DOI: 10.1016/j.econmod.2024.106829

引用次数: 0

Industrialization, environmental externality, and climate mitigation strategies 工业化、环境外部性和气候减缓战略

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-22 DOI: 10.1016/j.econmod.2024.106826

{"title":"Industrialization, environmental externality, and climate mitigation strategies","authors":"","doi":"10.1016/j.econmod.2024.106826","DOIUrl":"10.1016/j.econmod.2024.106826","url":null,"abstract":"<div><p>This study proposes a 12-region global modeling framework that integrates industrialization into climate–economy interactions and applies it to explore national strategic interactions and long-term policy outcomes. In this regard, three policy regimes are considered: a non-cooperative Nash equilibrium and two cooperative regimes that maximize the weighted sum of regional welfare. Negishi weights, ensuring uniform carbon price, and equal weights are applied in cooperative setting. Based on the results, global unmitigated emissions will peak around 2040. Given the future industrialization process, developing countries will make greater mitigation efforts under all regimes, whereas the strategies of developed countries will only be affected under the uniform carbon price regime. In the two cooperative regimes, a clear separation of mitigation efforts is observed between developed and developing countries. Moreover, when accounting for industrialization, the global averaged carbon price should grow faster in the first half-century, followed by a period of slower growth. Sensitivity analysis implies that with the support from developed countries, accelerated industrialization in the developing world can help alleviate its environmental strain.</p></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141850129","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Tournaments and contracts under asymmetric information 不对称信息下的锦标赛和合同

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-22 DOI: 10.1016/j.econmod.2024.106825

引用次数: 0

The post-COVID inflation episode 后 COVID 通货膨胀事件

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-22 DOI: 10.1016/j.econmod.2024.106824

引用次数: 0

Macroprudential capital requirements, monetary policy, and financial crises 宏观审慎资本要求、货币政策和金融危机

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-17 DOI: 10.1016/j.econmod.2024.106823

{"title":"Macroprudential capital requirements, monetary policy, and financial crises","authors":"","doi":"10.1016/j.econmod.2024.106823","DOIUrl":"10.1016/j.econmod.2024.106823","url":null,"abstract":"<div><p>How should bank capital requirements be designed in order to reduce the frequency and severity of financial crises? What is the role of monetary policy in this context? To answer these questions, we develop a New-Keynesian dynamic stochastic general equilibrium (DSGE) model in which the economy endogenously switches between normal times and financially turbulent times. Banks do not internalize that lower leverage contributes to the stability of the entire financial system. This creates a role for bank capital regulation. The proposed model replicates many of the dynamics observed during US financial crises. Basel-III-style capital buffers reduce the probability and length of financial crises while also reducing the size of the financial and non-financial sectors. Monetary policies that are more accommodative during financial crises can moderate economic downturns, thereby lowering the durations of financial distress. A combination of a small countercyclical capital buffer accompanied by a relief measure and an accommodative monetary policy during crises increases welfare.</p></div>","PeriodicalId":48419,"journal":{"name":"Economic Modelling","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2024-07-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0264999324001809/pdfft?md5=7dc1f02abd92016a96c7b418c20a5e01&pid=1-s2.0-S0264999324001809-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141852328","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Unpacking migration costs: Heterogeneous effects in EU labor markets 解读移民成本：欧盟劳动力市场的异质效应

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-11 DOI: 10.1016/j.econmod.2024.106816

引用次数: 0

Editorial of the special issue on contemporary issues in tourism economics 旅游经济学当代问题特刊编辑

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-11 DOI: 10.1016/j.econmod.2024.106822

引用次数: 0

Entry cost, fixed cost and markup: Theory and evidence from the impact of corruption on prices 进入成本、固定成本和加价：腐败对价格影响的理论与证据

IF 4.2 2区经济学

Economic Modelling Pub Date : 2024-07-08 DOI: 10.1016/j.econmod.2024.106818