β Scribed by Daniel Piazolo
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This article reviews recent developments in utilizing computable general equilibrium (CGE) models to analyse environmental policy. The models are classified along several dimensions, including the scope of the model (single country vs. global), the time horizon of the model (static vs. dynamic), and
Economic models often involve large systems of linear equations which are sparsely populated with nonzero entries. The use of sparse solution packages to solve these models saves computer CPU time, and, more importantly, has the potential to conserve large portions of the research time of economic m
This paper presents a vintage capital model assuming putty-clay investment and perfect foresight. The model is written in discrete time and is simulated by using a second order relaxation algorithm. By computing the eigenvalues of the dynamic system, we have checked the conditions of existence and u