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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.
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.
The COVID-19 Disruption and the Global Health Dilemma provides an historical accounting of the response to the COVID-19 pandemic through the eyes of the largest pubic health system in the United States, one that served the hardest hit neighborhoods in New York City. The book offers a roadmap to guide healthcare systems and their providers in the event of future pandemics. Readers will learn from healthcare providers at the epicenter of the pandemic in New York City about surge staffing and level loading, along with tips from the ED and ICUs on how to respond to an unprecedented influx of inpatients.
This book focuses on the need to "put the management in charge" of the implementation of public investment and public policies, in order to render as flexible as possible the project response to the unforeseen changes in the environment, in a world where uncertainty and irreversibility dominate. In particular, the book reviews the attempts from several countries to: (i)Empower managers to move away from ex-ante controls, while increasing accountability through continuous monitoring and evaluation of performance; (ii)Make project design more flexible through modularity and sequencing; (iii)Assess projects not as a product but as a process of value creation, and as a part of an overall national policy strategy;(iv) Introduce a medium term expenditure framework to lengthen the public financial commitments and ensure financial predictability in the budget process.
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