The New Generation of Computable General Equilibrium Models: Modeling the Economy

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, shastic, micro—macro, and simulation models, as well as different closure rules and policy experiments. The presentation of app...