Всего публикаций в данном разделе: 3
Опубликовано на портале: 15-07-2005Norman Gemmell
Статья представляет собой обзор различных вариантов моделирования внешних эффектов высшего образования с точки зрения моделей роста и человеческого капитала. Большая часть статьи посвящена также эмпирическому материалу по данной теме.
Опубликовано на портале: 01-09-2003Dale W Jorgenson
Cambridge, Mass: MIT Press, 1998, Vol. 1, 450 с.
Econometric General Equilibrium Modeling presents an econometric approach to general equilibrium modeling of the impact of economic policies. Earlier approaches were based on the "calibration" of general equilibrium models to a single data point. The obvious disadvantage of calibration is that it requires highly restrictive assumptions about technology and preferences, such as fixed input-output coefficients. These assumptions are contradicted by the massive evidence of energy conservation in response to higher world energy prices, beginning in 1973. The econometric approach to general equilibrium modeling successfully freed economic policy analysis from the straight jacket imposed by calibration.
Опубликовано на портале: 02-09-2003Torsten Persson, Guido Tabellini
This paper surveys the recent literature on the theory of macroeconomic policy. We study the effect of various incentive constraints on the policy making process, such as lack of credibility, political opportunism, political ideology, and divided government. The survey is organized in three parts. Part I deals with monetary policy in a simply Phillips curve model: it covers credibility issues, political business cycles, and optimal design of monetary institutions. Part II deals with fiscal policy in a dynamic general equilibrium set up: the main topics here are credibility of tax policy, and political determinants of budget deficits. Part III studies economic growth in models with endogenous fiscal policy.