Applied general equilibrium: an introduction

This advanced textbook aims at providing a simple but fully operational introduction to applied general equilibrium. General equilibrium is the backbone ofmodern economic analysis and as such generation after generation of economicsstudents are introduced to it. As an analytical tool in economics, general equilibrium provides one of the most complete views of an economy since it incorporates all economic agents (households, firms, government, foreign sector) inan integrated way that is compatible with microtheory and microdata. The integration of theory and data handling is required for successful modeling but itrequires a double ability that is not found in standard books. With this bookwe aim at filling the gap and provide advanced students with the required tools, from the building of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies.The topics include: model design, model development, computer code examples, calibration and data adjustments, practical policy examples. Provides step-by-step procedure for building empirically oriented large-scale economic models. Facilitates quick learning by isolating problems and providing solutions in an incremental manner. Integrates basic modelling tips withdata handling to give empirical background to economic models. Software code will be included in text format along the chapters (Required GAMS software available at no cost. Incorporates practical economic policy issues with sensibleinterpretation of results in terms of micro, macro and welfare indicators. INDICE: Foreword. 1 Introduction. 2 An Overview of General Equilibrium Theory. 3 A simple General Equilibrium Model. 4 A General Equilibrium Model with a Government Sector. 5 Further Extension of the Model: External Sector, Labor Market and Consumption Technology. 6 Data Base and Model Calibration. 7 Real-World Examples of Applied General Equilibrium Analysis. Index.

• ISBN: 978-3-642-24745-3
• Editorial: Springer Berlin Heidelberg
• Encuadernacion: Cartoné
• Páginas: 230
• Fecha Publicación: 31/01/2012
• Nº Volúmenes: 1
• Idioma: Inglés