We implement two different monetary policies – an inflation targeting policy as well as a cash reserve requirement – in a monetary endogenous growth overlapping generations model characterized by production lags and analyse ...
Bohlmann, Heinrich R.; Horridge, Jonathan Mark; Inglesi-Lotz, Roula; Roos, Elizabeth L.; Stander, Lardo(Elsevier, 2019-05)
This paper examines the long-run regional economic effects within South Africa of changing the electricity-generation mix towards less coal. To do so, a regional Computable General Equilibrium (CGE) model of South Africa ...
Conventional models of social status purport a positive inflation‐growth relationship, and attribute this empirical contradiction to the presence of a consumer's desire for social status. These models are dominated by a ...
We develop an overlapping generations (OLG) monetary endogenous growth model characterized by socio-political instability, with the latter being specified as a fraction of output lost due to strikes, riots and protests. ...
