...Charles L. Ballard; Marianne Johnson We examine the evolution of applied, computational general-equilibrium models (AGE), from their inception in the 1970s through the end of the twentieth century. We describe the simultaneous development of several different “strains” of such models, along...

..., 6002 Lucerne, Switzerland; e-mail: verena.halsmayer@unilu.ch . Copyright © 2017 Duke University Press 2017 macroeconometric modeling economic planning multi-sector growth model Leif Johansen Norwegian economics computational general-equilibrium models history of applied economics...

... econometrics” at Harvard to his later advocacy of an approach to empirical macroeconomic modeling based on his “general equilibrium approach to monetary theory” that contrasted sharply with new classical macroeconomic modeling that interpreted general equilibrium in a very different way. Copyright 2011...

..., and beyond Cambridge, forthcoming. Mansur , Ahsan , and John Whalley 1984 . ‘Numerical specification of applied general equilibrium models: estimation, calibration, and data.’ In Herbert E. Scarf and John B. Shoven, eds., Applied general equilibrium analysis (London), 69 -127. Mattei...

... discounting utilities of future generations, to which Frank Ramsey subscribed, postwar neoclassical growth economists (of the “Ramsey-Cass-Koopmans model”) applied the discount factor either to the individual's or the social planner's decision making as a technical requirement of dynamic general equilibrium...

... in empirical analysis, that of determining “what factual data are to be secured and how they are to be used within the framework of a particular analytical scheme.” He described his input-output model as “an attempt to apply the economic theory of general equilibrium,” and emphasized his goal...

.... Whalley J. . 1984 . “Applied General Equilibrium Models of Taxation and International Trade: An Introduction and Survey.” Journal of Economic Literature 22 : 1007 – 51 . Silberberg E. 1978 . The Structure of Economics: A Mathematical Analysis . New York : McGraw-Hill . Solow...

... do the other thing because it’s easier.” The fact that other forms of computable general equilibrium, numerical general equilibrium, or applied general equilibrium modeling continued as a flourishing cottage industry (using the fixed point algorithm of Tobin’s Yale and Cowles colleague Herbert...

... the consistency of assumptions, extending the generality of conclusions, and elucidating the most general properties of abstract economic systems (1). Solow adds that general equilibrium theory is system-building par excellence (6). The prob- lem-solving methodology corresponds to applied microeconomics, which...

... of the leading figures in mathematical economics and general equilibrium theory in the Soviet Union and post-Soviet Russia. His papers on the abstract models of exchange, dynamic general equilibrium and optimal growth theory, excess demand correspondences, monotonicity of demand functions, and disequilibrium...

... the received account of Walras’s written- pledges model of general equilibrium the authors render themselves incapable of identifying the true reasons why it should be criticized. Furthermore, by focusing on the received account and neglecting his earlier work they are unable to provide evidence...

...). According to Malinvaud ( 1989c : 14), this modeling could be integrated within “a larger system” oriented toward “the study of the medium-run equilibrium,” that is, a new-generation large-scale macroeconometric model. “I see the model as one of the main building blocks of a larger system intended...

... . Increasing Returns and Economic Progress. Economic Journal 38 . 152 : 527 -40. In Buchanan and Yoon 1994. Generalized Increasing Returns, Euler 's Theorem, and Competitive Equilibrium James M. Buchanan and Yong J. Yoon As worked out a century ago, the neoclassical theory...

... Hume, Malthus, and the stability of equilibrium A. M. C. Waterman I. The Equivalence of Humean and Malthusian Models Equilibrium models of social explanation have been used since the earliest days of classical political economy. In this article I shall be concerned with two...

... Characterization of the Price Mechanism. Econometrica 42.3 : 425 -33. Weintraub, E. Roy. 1993 . General Equilibrium Analysis . Ann Arbor: University of Michigan Press. Weintraub, E. Roy, and Philip E. Mirowski. 1994 . The Pure and the Applied: Bourbakism Comes to Mathematical Economics. Science...

... to characterize a set of sim- plified general equilibrium models sharing a common basic framework. This definition implies that the label IS-LM cannot be restricted to fixed- price models. Such restriction is historically inadequate, since Hicks (1937) assumes flexible prices alongside rigid wages.Actually, three...

... apparently did not have in mind the general equilib- rium systems of Léon Walras or Vilfredo Pareto, it is tempting to read 328 Stephen J. Meardon the introduction of his book as a plan to build first a model of partial equilibrium, in which the location of a “productive unit” (an individual plant...

... 75 ( Feb. ): 1 -19. Jaffé , William 1969 . ‘A. N. Isnard, progenitor of the Walrasian general equilibrium model.’ History of Political Economy 1 (Spring): 19 -43. Jaffé , William 1971 . ‘Reflections on the importance of Léon Walras.’ In the P. Hennipman Festschrift edited...

..., and current as well as ex- pected future prices on the other. So expected future wage rates and interest rates explicitly enter into the determination of each “week’s” production plan. The model is a general equilibrium of the macroeconomy in short-run equilibrium, with price expectations...

... of Applied Econometrics 9 : 123 -44. ____. 1995 . Sensitivity Analysis and Model Evaluation in Simulated Dynamic General Equilibrium Economies. International Economic Review 36.2 : 477 -501. Clark, J. M. 1952 . Contribution to the Theory of Business Cycles. In Wesley Clair Mitchell...