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We motivate and detail the newly developed G-RDEM recursive-dynamic Computable General Equilibrium model as a tool for long-term counterfactual analysis and baseline generation from given GDP and population projections. It encompasses an AIDADS demand system with non-linear Engel curves, debt...
Persistent link: https://www.econbiz.de/10012920748
This paper introduces the latest addition to the modelling toolkit of the Central Bank of Malta: a static Computable General Equilibrium model for Malta named MaCGE-MOD. Developed through a collaboration with the University of Macerata, the model is a multiinput, multi-output and multi-sector...
Persistent link: https://www.econbiz.de/10014330001
This report presents the Basic WIOD CGE model. The model represents the first implementation of the World Input-Output Database (WIOD) into the CGE framework and is tailored to provide a maximum fit with WIOD data. The model is specifically designed such that it can serve as the basis for...
Persistent link: https://www.econbiz.de/10010204235
In this paper we present a computable general equilibrium model (G-RDEM), specifically designed for the generation of long run scenarios of economic development, featuring a non-homothetic demand system, endogenous saving rates, differentiated industrial productivity growth, interest payments on...
Persistent link: https://www.econbiz.de/10012918370
The aim of the following paper is to present a derivative based algorithm, which is able to solve calibration problems for complicated DSGE models. Our algorithm is based on considerations that were mainly done during the 80s, when the computable applied general equilibrium (CAGE) literature...
Persistent link: https://www.econbiz.de/10013053643
In looking for empirical evidence about the activity of countries, a proposal is made for studying (measuring and modelling) the activity of countries through the use of Social Accounting Matrices (SAMs) and Socio-Demographic Matrices (SDMs). SAMs and SDMs are presented as tools that have...
Persistent link: https://www.econbiz.de/10014137187
In looking for empirical evidence about the activity of countries, a proposal is made for studying (measuring and modelling) the activity of countries through the use of Social Accounting Matrices (SAMs) and Socio-Demographic Matrices (SDMs). SAMs and SDMs are presented as tools that have...
Persistent link: https://www.econbiz.de/10014137191
The Social Accounting Matrix (SAM) is presented as a tool for measuring and modelling the activity of countries and regions. An SAM-based approach to the study of such activity enables it to be described both empirically and theoretically through numerical and algebraic versions of that same...
Persistent link: https://www.econbiz.de/10013026363
Social Accounting Matrices (SAMs) will be presented as tools that have specific features for studying the socio-economic activity of countries. Such features allow for the reading and interpretation of the reality under study, leading to the production of an empirical work that is not only...
Persistent link: https://www.econbiz.de/10012908133
We describe the procedure used to construct a set of interregional NUTS-2 European Union Social Accounting Matrices for the year 2017, using official Eurostat national and regional account data, and auxiliary data on business and interregional trade flows derived from transport survey data. This...
Persistent link: https://www.econbiz.de/10014288713