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Computable General Equilibrium Modeling Kenneth Castellanos (Department of Economics, Georgia State University)

Computable General Equilibrium Modeling By Kenneth Castellanos (Department of Economics, Georgia State University)

Computable General Equilibrium Modeling by Kenneth Castellanos (Department of Economics, Georgia State University)

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Summary

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.

Computable General Equilibrium Modeling Summary

Computable General Equilibrium Modeling: Theory and Applications by Kenneth Castellanos (Department of Economics, Georgia State University)

* Shows readers how CGE modeling can facilitate public policy analysis
* Covers several important policy and technical issues, such as financial markets, that are not included in other CGE books
* Introduces readers (in a broad, non-technical context) to the theoretical background of general equilibrium analysis before moving on to building models
* Provides examples of code for building CGE models
* Accessible to users of Julia, Fortran, GAMS, GEMPACK and other programming languages/software

Computable General Equilibrium Modeling Reviews

A very clearly written and self-contained guide to applying state-of-the-art computable general equilibrium models to key issues in modern macroeconomics. The applications to developing economies are particularly compelling, including how to incorporate the underground economy and financial repression. An important reference for students, researchers, and practitioners.

Kenneth Rogoff, Maurits C. Boas Professor of Economics, Harvard University, https://scholar.harvard.edu/rogoff

Computable General Equilibrium (CGE) modelling is an essential tool in economics. This book by a team led by one of the most eminent international scholars in CGE modelling will become the go-to for teaching this subject. Generally, students, researchers and practitioners will profit from the insights in this excellent volume.

Jorge Martinez-Vazquez, Founding Director International Center for Public Policy, Georgia State University

This book provides a detailed and useful introduction for students of economics to CGE models. The book extends their applications to include areas such as monetary theory, tax evasion, development economics and others, areas that have become relevant in today's environment.

Vito Tanzi, PhD, Honorary President, International Institute of Public Finance

About Kenneth Castellanos (Department of Economics, Georgia State University)

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.

Table of Contents

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

Additional information

NPB9780367272074
9780367272074
0367272075
Computable General Equilibrium Modeling: Theory and Applications by Kenneth Castellanos (Department of Economics, Georgia State University)
Kenneth Castellanos (Department of Economics, Georgia State University)
New
Hardback
Taylor & Francis Ltd
2023-09-08
136
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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Customer Reviews - Computable General Equilibrium Modeling