Computable General Equilibrium Modeling
Theory and Applications
- 136 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Computable General Equilibrium Modeling
Theory and Applications
About this book
Many books have been written on computable general equilibrium (CGE) modeling. However, there are certain important areas for economic policy that have been largely overlooked. This intermediate/advanced text presents the topic as a methodology for the analysis of macro and fiscal policies in modern economies while introducing levels of disaggregation that are beyond the scope of standard macro models.
The book begins by presenting the historical and intuitive background of general equilibrium analysis. Moving on, computer software is introduced to derive numerical solutions for economic models. The authors provide examples of code, bringing in data sources that have become the foundations of CGE applications. The methodology presented here, which differs from other CGE books, includes financial assets, government budget deficits, and debt financing of private investment. These topics are analyzed in the context of dynamic optimization, generating endogenous variables such as inflation, interest, and growth rates. The book also devotes significant attention to the applications of CGE models to developing economies.
This textbook comes with a range of downloadable supplements and will be a valuable resource for students taking a CGE course as part of a program in advanced microeconomics, macroeconomics, development economics, or international trade economics.
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Table of contents
- Cover
- Half Title
- Endorsements
- Title
- Copyright
- Contents
- Preface
- 1 Introduction
- 2 Applications
- 3 Fixed points
- 4 Fixed points, continued
- 5 The linear economy and Kakutani’s theorem
- 6 Linear production technologies
- 7 Numerical solutions; some examples
- 8 Production and government
- 9 Incorporating intermediate inputs
- 10 Trade, the Armington approach
- 11 Taxes and the government
- 12 Social accounting matrices (SAM) and the construction of a CGE model
- 13 Dynamic CGE models with financial assets
- 14 Financial assets in the dynamic CGE model (continued)
- 15 Monetization and the introduction of a central bank
- 16 CGE models and their application to developing countries: The example of tax evasion and the underground economy
- References
- Index