Dynamic General Equilibrium Modelling For Forecasting And Policy

Author : Peter B. Dixon
Publisher : Elsevier
ISBN 13 : 9780444512604
Total Pages : 360 pages
Book Rating : 4.08/5 ( download)

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Download or read book Dynamic General Equilibrium Modelling for Forecasting and Policy written by Peter B. Dixon and published by Elsevier. This book was released on 2002-11-04 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "Contributions to Economic Analysis" series consists of a number of previously unpublished studies. The term economic analysis is used because it covers the activities of the theoretical economist and the research worker.

Author : Burkhard Heer
Publisher : Springer Science & Business Media
ISBN 13 : 3540273123
Total Pages : 548 pages
Book Rating : 4.27/5 ( download)

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Download or read book Dynamic General Equilibrium Modelling written by Burkhard Heer and published by Springer Science & Business Media. This book was released on 2005-12-05 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.

Author : Francis Vitek
Publisher : International Monetary Fund
ISBN 13 : 1484314603
Total Pages : 89 pages
Book Rating : 4.09/5 ( download)

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Download or read book Policy Analysis and Forecasting in the World Economy written by Francis Vitek and published by International Monetary Fund. This book was released on 2013-12-19 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model encompasses an approximate linear panel dynamic stochastic general equilibrium model featuring a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within and across economies. A variety of monetary policy analysis, fiscal policy analysis, spillover analysis, and forecasting applications of the estimated model are demonstrated, based on a Bayesian framework for conditioning on judgment.

Author : Peter B. Dixon
Publisher : Newnes
ISBN 13 : 0444595805
Total Pages : 1538 pages
Book Rating : 4.05/5 ( download)

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Download or read book Handbook of Computable General Equilibrium Modeling written by Peter B. Dixon and published by Newnes. This book was released on 2013-10-25 with total page 1538 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this collection of 16 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view. Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy

Author : Glenn W. Harrison
Publisher : Elsevier Publishing Company
ISBN 13 :
Total Pages : 432 pages
Book Rating : 4.29/5 ( download)

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Download or read book Using Dynamic General Equilibrium Models for Policy Analysis written by Glenn W. Harrison and published by Elsevier Publishing Company. This book was released on 2000 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers an up-to-date treatment of dynamic general equilibrium modelling. The book, written by some of the most experienced researchers in the field, contains a rich array of policy settings. The issues considered include trends in the policy use of dynamic general equilibrium models, environmental policy, trade liberalization and enlargement of the European Union, the impact of education and tax policy on human capital accumulation, tax policy and the labour market, and public finances in relation to population ageing.

Author : Federico Perali
Publisher : Springer
ISBN 13 : 3319585339
Total Pages : 342 pages
Book Rating : 4.38/5 ( download)

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Download or read book The New Generation of Computable General Equilibrium Models written by Federico Perali and published by Springer. This book was released on 2018-05-02 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : José L. Torres
Publisher : Vernon Press
ISBN 13 : 1622739760
Total Pages : 282 pages
Book Rating : 4.69/5 ( download)

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Download or read book Introduction to Dynamic Macroeconomic General Equilibrium Models [Second Edition] written by José L. Torres and published by Vernon Press. This book was released on 2020-10-06 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an introductory step-by-step course in Dynamic Stochastic General Equilibrium (DSGE) modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of DSGE models. The book is intended for graduate students as an introductory course to DSGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DSGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book’s homepage. The second edition is identical to the first with the exception of a revised appendix to Chapter 2. The revised appendix can be downloaded free of charge in the accompanying downloads section.

Author : Kenneth Castellanos
Publisher : Taylor & Francis
ISBN 13 : 1000937534
Total Pages : 147 pages
Book Rating : 4.34/5 ( download)

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Download or read book Computable General Equilibrium Modeling written by Kenneth Castellanos and published by Taylor & Francis. This book was released on 2023-09-08 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author :
Publisher : Vernon Press
ISBN 13 : 9781622730247
Total Pages : pages
Book Rating : 4.40/5 ( download)

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Download or read book Introduction to Dynamic Macroeconomic General Equilibrium Models written by and published by Vernon Press. This book was released on 2015-04-15 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an introductory step-by-step course in Dynamic Stochastic General Equilibrium modelling. Modern macroeconomic analysis is increasingly concerned with the construction, calibration and/or estimation and simulation of Dynamic General Equilibrium (DGE) models. The book is intended for graduate students as an introductory course to DGE modelling and for those economists who would like a hands-on approach to learning the basics of modern dynamic macroeconomic modelling. The book starts with the simplest canonical neoclassical DGE model and then gradually extends the basic framework incorporating a variety of additional features, such as consumption habit formation, investment adjustment cost, investment-specific technological change, taxes, public capital, household production, non-ricardian agents, monopolistic competition, etc. The book includes Dynare codes for the models developed that can be downloaded from the book's homepage.

Author : Glyn Wittwer
Publisher : Springer
ISBN 13 : 3319588664
Total Pages : 236 pages
Book Rating : 4.67/5 ( download)

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Download or read book Multi-regional Dynamic General Equilibrium Modeling of the U.S. Economy written by Glyn Wittwer and published by Springer. This book was released on 2017-07-26 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book details the preparation of USAGE-TERM, a computable general equilibrium model that provides regional economic detail in the USA. The model can represent either congressional district or state level economic activity. The latter may include a top-down representation of county activity. Interest in USAGE-TERM is growing among government departments. It is a practical tool, which may enhance analysis of productivity growth and innovation, adverse events such as drought or civil disruption and the dynamic economic impacts of major projects.Economic analysts and policy makers care about regions. Some regions suffer growing pains, as supporting infrastructure and services struggle to cope with population growth. Soaring house prices and rentals may lower affordability for many. Other regions suffer ongoing decline due to structural change. Regional economic fluctuations are often far more dramatic than national fluctuations.