The New Generation of Computable General Equilibrium Models

Beschreibung

This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications. Readers will find explanation and discussion of the theoretical structure and practical application of several model typologies, including dynamic, stochastic, micro-macro, and simulation models, as well as different closure rules and policy experiments. The presentation of applications to various country and problem-specific case studies serves to provide an informed and clearly articulated summary of the state of the art and the most important methodological advancements in the field of policy modeling within the framework of general equilibrium analysis. The book is an outcome of a recent workshop of the Italian Development Economists Association attended by a group of leading practitioners involved in the generation of CGE models and research on modeling the economy and policy making. It will be of interest to researchers, professional economists, graduate students, and knowledgeable policy makers. 
Discusses computable general equilibrium models, their use for the analysis of economic policies, and their properties and implications
Provides a state of the art summary and surveys frontier methodologies and applications

Examines the theoretical structure and practical applications of various model typologies


Discusses computable general equilibrium models, their use for the analysis of economic policies, and their properties and implications Provides a state of the art summary and surveys frontier methodologies and applications Examines the theoretical structure and practical applications of various model typologies

Autor*in

Federico Perali

Themen in »The New Generation of Computable General Equilibrium Models«

Computable general equilibrium models CGE Policy modeling Policy models General equilibrium Partial equilibrium Disequilibrium models Dynamic simulation Dynamic uncertainty Social accounting matrices Simulation models Policy simulations Ocean economy Total factor productivity surplus Carbon mitigation policies

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