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applied general equilibrium models

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Journal Article
History of Political Economy (2017) 49 (Supplement): 78–102.
Published: 01 December 2017
...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...
Journal Article
History of Political Economy (2017) 49 (Supplement): 158–186.
Published: 01 December 2017
..., 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...
Journal Article
History of Political Economy (2011) 43 (suppl_1): 166–187.
Published: 01 December 2011
... 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...
Journal Article
History of Political Economy (2016) 48 (2): 265–306.
Published: 01 June 2016
... 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...
Journal Article
History of Political Economy (2017) 49 (Supplement): 34–57.
Published: 01 December 2017
... 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...
Journal Article
History of Political Economy (1988) 20 (1): 119–135.
Published: 01 March 1988
..., 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...
Journal Article
History of Political Economy (2016) 48 (2): 307–340.
Published: 01 June 2016
.... 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...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 165–189.
Published: 01 December 2004
... 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...
Journal Article
History of Political Economy (2020) 52 (5): 827–861.
Published: 01 October 2020
... . 1944 . General Equilibrium Theory and International Trade . Bloomington, Ind. : Principia Press . Patinkin Don . 1947 . “ On the Consistency of Economic Models: A Theory of Involuntary Unemployment .” PhD diss ., University of Chicago . Patinkin Don . 1956 . Money...
Journal Article
History of Political Economy (2014) 46 (3): 435–461.
Published: 01 September 2014
... 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...
Journal Article
History of Political Economy (2022) 54 (2): 217–250.
Published: 01 April 2022
...). 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...
Journal Article
History of Political Economy (1991) 23 (3): 560–565.
Published: 01 September 1991
... 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...
Journal Article
History of Political Economy (2024) 56 (3): 467–488.
Published: 01 June 2024
... in developing the equilibrium existence proofs but also in a series of studies on linear programming and input-output models, in applying game theory to economics, and generally in formulating what Hicks ( 1960 ) called “linear theory.” Hicks perceived these new formalisms as coming to the European...
Journal Article
History of Political Economy (2005) 37 (1): 61–78.
Published: 01 March 2005
... theme (Hildenbrand 1989). Applied general equilibrium modeling re- ceived a boost by the blending of the University of Brussels’ strength in econometric models with CORE’s expertise in general equilibrium the- ory. The success of CORE as a center of excellence was not the only ex- ample...
Journal Article
History of Political Economy (2024) 56 (2): 291–318.
Published: 01 April 2024
... glaringly contradicts Sraffa's constancy of costs and obeys all partial equilibrium requirements (at the same time that it is a full general equilibrium model, a congruence Alfred Marshall never quite achieved). See Samuelson ( 1971 ), for more on such a rigorous partial equilibrium as applied to trade...
Journal Article
History of Political Economy (1999) 31 (3): 511–523.
Published: 01 September 1999
... . 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...
Journal Article
History of Political Economy (1988) 20 (1): 85–94.
Published: 01 March 1988
... 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...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 283–304.
Published: 01 December 2006
... 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...
Journal Article
History of Political Economy (2000) 32 (Suppl_1): 325–360.
Published: 01 December 2000
... 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...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 190–216.
Published: 01 December 2004
... 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...