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This paper uses the model GEMINI-E3 to simulate and assess the transition scenario to 2020 framed by the European Union in its “Energy–Climate” Directive, and it raises several issues in this connection. After a brief description of the model, the paper pr ...
This paper sheds light on the real effects of foreign central bank’s degree of inflation aversion in presence of non-atomistic wage setters. It extends the Lippi’s (2003) framework to an open economy and identifies the key strategic mechanisms between mone ...
The purpose of this paper is to present the new version of GEMINI-E3, which is the fifth and incorporates significant changes from the previous version in particular with respect to its size and its modularity. GEMINI-E3 is a Computable General Equilibrium ...
A two-country general equilibrium model with large wage setters and conservative monetary authorities is employed to investigate the welfare implications of three international monetary regimes: i) non-cooperative, ii) cooperative, and iii) monetary union. ...
This paper presents a simple model of policy coordination in line with the New Open Economy Macroeconomics literature. I extent the analysis on non-cooperative toward cooperative solutions by incorporating a collective wage bargaining system and conservati ...
We solve for the equilibrium dynamics of Information sharing in a large population Each agent is endowed with signals regarding the likely outcome of a random variable of common concern Individuals choose the effort with which they search for others from w ...
We consider the general problem of finding fair constrained resource allocations. As a criterion for fairness we propose an inequality index, termed “fairness ratio,” the maximization of which produces Lorenz-undominated, Pareto-optimal allocations. The fa ...
In the framework of the revision of the Swiss CO2-Law and in view for the international negotiations that will take place at the next Conference of the Parties to the United Nations Framework Convention on Climate Change, the Federal Office for the Environ ...
The world is "becoming flat" (Friedman, 2005), this means that innovations are emerging thanks to the deployment of new open collaborative frameworks and Information and Communication Technologies that enable the development of new products and services. A ...
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In the framework of the revision of the Swiss CO2-Law and in view for the international negotiations that will take place at the next Conference of the Parties to the United Nations Framework Convention on Climate Change, the Federal Office for the Environ ...
