This paper presents the theoretical underpinnings of the MSG2 simulation model of the world economy. The MSG2 model is a dynamic general equilibrium model of the world economy which pays particular attention to the relation between stocks and flows and intertemporal constraints. The formation of...

This paper presents the theoretical underpinnings of the MSG2 simulation model of the world economy. The MSG2 model is a dynamic general equilibrium model of the world economy which pays particular attention to the relation between stocks and flows and intertemporal constraints. The formation of...

In "Common Wealth", Jeffrey D. Sachs-one of the world's most respected economists and the author of The New York Times bestseller "The End of Poverty" offers an urgent assessment of the environmental degradation, rapid population growth, and extreme poverty that threaten global peace and...