The sub-Saharan African (SSA) countries are excluded from the mega-deals, free trade agreements (FTA) currently under negotiations between several large economies (European Union - United States, European Union - Japan, China-Japan-South Korea…). As Sub-Saharan African exports remain dependent...

The Netherlands experience with the use of fiscal policy in times of low growth is often quoted as an example of the better performing experiences, also renamed as the ‘Dutch miracle'. This has been generally true for the Netherlands since the 1980's, when compared to other countries. The...

We examine main works that use the computable general equilibrium model in measuring the impact of trade liberalization on growth and distribution. We modify the model to include prospective restructuring of the economy and its distribution mechanisms, and apply it to one of the least developed...

In this paper we compute the optimal tax and education policy transition in an economy where progressive taxes provide social insurance against idiosyncratic wage risk, but distort the education decision of households. Optimally chosen tertiary education subsidies mitigate these distortions. We...

In this paper, I develop an operational methodology to consistently compare alternative sustainability paradigms (weak sustainability [WS], strong sustainability [SS], a-growth [AG], and de-growth [DG]) and different assessment approaches (life-cycle assessment [LCA], cost-benefit analysis...

This paper deals with closure issues that arise in the context of global multinational models, typically, trade models. We also explore a few related issues: model homogeneity, the role of exchange rates, calibration consistency, and testing for calibration consistency and model homogeneity. To...

I study aggregate consumption dynamics under incomplete markets, focusing on the relationship between consumption and the path for interest rates. I first provide a general aggregation result under extreme illiquidity (no borrowing and no outside assets), deriving a generalized Euler relation...