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The New Generation of Computable General Equilibrium Models - Modeling the Economy (Hardcover, 1st ed. 2018)
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The New Generation of Computable General Equilibrium Models - Modeling the Economy (Hardcover, 1st ed. 2018)
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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.
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