Computable general equilibrium cge models are widely used by governmental organizations and academic institutions to analyze the economy wide effects of events such as climate change tax policies and immigration. Computable general equilibrium modelling introduction what are cge models cge models are large numerical models which combine economic theory with real economic data in order to derive computationally the impacts of policies or shocks in the economy. Computable general equilibrium cge models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy technology or other external factorscge models are also referred to as age applied general equilibrium models. 2 course outline overview of cge an introduction to the structure of cge an introduction to gams casting cge models into gams data for cge models calibration incorporating a trade a basic cge application evaluating impacts of policy changes and casting nested functions a trade in gams mixed complementary problems mcp. Computable general equilibrium cge models are simulations that combine the abstract general equilibrium structure formalized by arrow and debreu with realistic economic data to solve numerically for the levels of supply demand and
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