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A macroeconomic analysis of the fiscal system in Egypt
(Towson University. Department of Economics, 2010-10-27)
We construct a dynamic general equilibrium model to analyze the fiscal situ- ation of Egypt. We model Egypt as a small open economy that takes real interest rates and world prices of fuel as given. Since a large component ...
Fiscal austerity measures: spending cuts vs. tax increases
(Towson University. Department of Economics, 2013-08-19)
We formulate an overlapping generations model with skill heterogeneity and productive and non-productive government programs to study the macroeconomic and intergenera- tional welfare effects caused by risk premium shocks ...
A macroeconomic analysis of energy subsidies in a small open economy
(Towson University. Department of Economics, 2013)
We construct a dynamic model of a small open economy to analyze the effects of large energy subsidies. The model includes domestic energy production and consumption, trade in energy at world market prices, as well as private ...