This book offers a simple, fully operational introduction to applied general equilibrium as an analytical tool in economics. Coverage includes model design, model development, computer code examples, calibration and data adjustments, practical policy examples.

This advanced textbook aims at providing a simple but fully operational introduction to applied general equilibrium. General equilibrium is the backbone of modern economic analysis and as such generation after generation of economics students are introduced to it. As an analytical tool in economics, general equilibrium provides one of the most complete views of an economy since it incorporates all economic agents (households, firms, government, foreign sector) in an integrated way that is compatible with microtheory and microdata. The integration of theory and data handling is required for successful modeling but it requires a double ability that is not found in standard books. With this book we aim at filling the gap and provide advanced students with the required tools, from the building of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. The topics include: model design, model development, computer code examples, calibration and data adjustments, practical policy examples.

Autorentext

M.Alejandro Cardenete is Ph.D in Economics from the University of Huelva and an Associate Professor of Economics at the department of Economics of Universidad Pablo de Olavide, in Seville, Spain. He has published scholarly articles in international journals such as Ecological Economics, Environment and Planning -A, Journal of Industrial Ecology, among others. His full CV and contact data can be seen online: http://www.macardenete.com Ana-Isabel Guerra is Ph.D in Economics from the Universidad Autonoma de Barcelona and an Assistant Professor of Economics at the department of Economics of Universidad Pablo de Olavide, in Seville, Spain. She has published research articles in Energy Economics, Energy Policy, among others. Her full CV is online here: http://works.bepress.com/ana-isabel_guerra/ Ferran Sancho is Professor of Economics at the department of Economics at the Universidad Autonoma de Barcelona. His publication have appeared in International Economic Review, European Economic Review, Review of Economics and Statistics, Economic Theory, among others. His full CV is online here: http://works.bepress.com/ferran_sancho/

Zusammenfassung
From the reviews:
"The authors' aim is to provide readers with the tools needed to construct their own models. I applaud them for their success. After reading the book, students should be able to build an AGE model because they will have gained an understanding of its internal logic. ... this is a very useful book that should be on the shelf of any student of AGE modeling. ... Even the most complicated issues are tackled in an easy-to-understand way, which makes the book quite accessible." (María Teresa Álvarez-Martínez, The Review of Regional Studies, Vol. 42 (1), 2012)

Inhalt

Foreword.- 1 Introduction.- 2 An Overview of General Equilibrium Theory.- 3 A simple General Equilibrium Model.- 4 A General Equilibrium Model with a Government Sector.- 5 Further Extension of the Model: External Sector, Labor Market and Consumption Technology.- 6 Data Base and Model Calibration.- 7 Real-World Examples of Applied General Equilibrium Analysis.- Index.