1st Edition
Computable General Equilibrium Modeling Theory and Applications
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
Biography
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.
"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
