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Computable General Equilibrium Modeling : Theory and Applications
Many books have been written on computable general equilibrium (CGE) modeling.However, there are certain important areas for economic policy that have been largely overlooked.This intermediate/advanced text presents the topic as a methodology for the analysis of macro and fiscal policies in modern economies while introducing levels of disaggregation that are beyond the scope of standard macro models. The book begins by presenting the historical and intuitive background of general equilibrium analysis.Moving on, computer software is introduced to derive numerical solutions for economic models.The authors provide examples of code, bringing in data sources that have become the foundations of CGE applications.The methodology presented here, which differs from other CGE books, includes financial assets, government budget deficits, and debt financing of private investment.These topics are analyzed in the context of dynamic optimization, generating endogenous variables such as inflation, interest, and growth rates.The book also devotes significant attention to the applications of CGE models to developing economies.This textbook comes with a range of downloadable supplements and will be a valuable resource for students taking a CGE course as part of a program in advanced microeconomics, macroeconomics, development economics, or international trade economics.
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The Computable City : Histories, Technologies, Stories, Predictions
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Interfaces and Us : User Experience Design and the Making of the Computable Subject
We’re all familiar with smart TVs making suggestions on our future watching, real-world exercise data being transferred into stats and infographics on our workout apps and turning up our home heating before we start our commute – but how does this world of technological interfaces affect our actions and perceptions of self?When society relies on computer models and their interfaces to explain and predict everything from love to geopolitical conflicts, our own behaviour and choices are artificially changed.Zachary Kaiser explores the harmful social consequences of this idea - balanced against speed and ease for the user - and how design practice and education can respond positively. - Concepts of freedom vs convenience - Smart objects and manipulation - Real world information transformed into data - Technology’s decisions made on our behalf
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Trade Theory in Computable General Equilibrium Models : Armington, Krugman and Melitz
This book is for people who want to understand modern trade theory, particularly the Melitz model.It lays out Melitz theory from first principles and relates it to earlier theories of Armington and Krugman.For trade theory specialists, the book produces some significant conclusions.It identifies conditions under which Krugman and Melitz models produce essentially the same results for the welfare effects of trade liberalization as those obtained from Armington, and conditions under which this is not true.These findings will be of interest to academics and policy advisors who need to understand critiques of Armington by proponents of Krugman and Melitz. For computable general equilibrium (CGE) modelers, the book shows how Melitz-style CGE models can be calibrated, solved and interpreted.A major practical contribution of the book is to show how large-scale Armington models such as GTAP can be converted to Melitz by the addition of a small number of equations and minimal alteration of the original Armington model. The book describes computational experience in solving Melitz CGE models using GEMPACK software.This experience will be of interest to researchers currently attempting to solve Melitz-based CGE models.Almost all previous Melitz studies have used GAMS software. Authors of these studies have reported computational difficulties.These difficulties did not occur in this book’s GEMPACK-based computations.The book concludes that: (a) CGE modelers can embrace Melitz while retaining their Armington-based models as powerful interpretive devices; and (b) via GEMPACK, large-scale CGE models incorporating Melitz specifications can be solved with no more difficulty than similar-dimensioned Armington models.
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