Computable General Equilibrium Modeling

Theory and Applications
1. Auflage 2023
ISBN: 978-0-367-27207-4
Verlag: Taylor & Francis

Buch, Englisch, 146 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 386 g

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.

Zielgruppe

Postgraduate

Autoren/Hrsg.

Castellanos, Kenneth

Feltenstein, Andrew

Sedrakyan, Gohar

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Betriebswirtschaft Management Internationales Management
• Wirtschaftswissenschaften Betriebswirtschaft Bereichsspezifisches Management Außenhandel
• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftsprognose
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Mikroökonomie

Inhaltsverzeichnis

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. Standard closed economy CGE model 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

Über Autor(innen)

Kenneth Castellanos is Associate Analyst at the Congressional Budget Office, USA.

Andrew Feltenstein is Professor of Economics, Emeritus, at Georgia State University, USA.

Gohar Sedrakyan is Clinical Assistant Professor of Economics and Affiliated Scholar at Kennesaw State University, USA.