Computational General Equilibrium
Please note that this page is under construction. An earlier version called A Quick Reference Guide to CGE Modeling
is also available.
What Is a CGE Model?
- There is no single definition but this page discusses a number of key characteristics generally shared by CGE models.
- How to design an appropriate model for a given task. Choosing the number and type of agents; modeling the behavior of households and firms.
Data and Parameterization
- Estimating the values of behavioral parameters.
- Numerical methods and software for solving large general equilibrium models.
- Verifying that a new model is working correctly.
- Examples of small models used to illustrate particular interactions or principles.
- Links to information about some actual models used for policy analysis.
- Design of policy simulations and analysis of model results. Explaining results intuitively; avoiding circular explanations.
- Computing confidence intervals for CGE results.
Survey of Applications
- A collection of references to papers using CGE models. Topics include: public finance; energy and environmental policy; international trade; regional analysis; economic history.
- Useful references on intertemporal optimization, numerical methods and differential equations.
Site Index |
Peter J Wilcoxen, The Maxwell School, Syracuse University