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Public-infraestructure and energy-subsidy policies, energy access by the poor and long-term macroeconomic performance
(CAF, 2017-04-24)
This paper presents the main set-up and long-run results from a simple deterministic version of a dynamic stochastic general equilibrium model of a small open economy in Kawamura (2017). The model assumes two types of ...
Greenflation: The cost of the green transition in small open economies
(2022-12-28)
We propose a new model of a small open economy with efficient energy use to investigate the inflationary dynamics along the green transition. The model incorporates the production of green energy that substitutes exogenous ...