Sentence examples for closure rule from inspiring English sources

Usually, this case is known as Johansen closure rule.

To see the connection with the usual tableau closure rule, consider the following.

10 This closure rule implies that all increases in income do not translate into only an increase in consumption but also stimulate saving and investment.

In each period the former component of public expenditures is adjusted to respect a long-run closure rule consisting in fixed ratios of public saving to GDP.

Not only the closure rule is important, but also the implementation of final demand shocks in the appropriate sectors (see Álvarez-Martínez 2014).

The closure rule in which the rate of return to capital is fixed is sometimes described as reflecting longer-run "steady-state" growth conditions.

Again, the simulations are carried out under the short- and long-run closure rules.

In some of these cases the law has closure rules to settle the matter, e.g. in favour of criminal defendants, but in others there are no closure rules as to the appropriate substantive result to endorse.

Short- and long-run considerations differ in the way the equilibrating mechanisms are set through specified closure rules.

It is admitted here that the results can be due to the selected closure rules in the factor markets.

As mentioned, closure rules determine what variables are endogenous or exogenous, which clearly affects the results in CGE models.