The Maxwell School
Peter J Wilcoxen
Computational General Equilibrium
Please note that this page is under construction. An earlier version called
A Quick Reference Guide to CGE Modeling
is also available.
What Is a CGE Model?
There is no single definition but this page discusses a number of key characteristics generally shared by CGE models.
How to design an appropriate model for a given task. Choosing the number and type of agents; modeling the behavior of households and firms.
Data and Parameterization
Estimating the values of behavioral parameters.
Numerical methods and software for solving large general equilibrium models.
Verifying that a new model is working correctly.
Examples of small models used to illustrate particular interactions or principles.
Links to information about some actual models used for policy analysis.
Design of policy simulations and analysis of model results. Explaining results intuitively; avoiding circular explanations.
Computing confidence intervals for CGE results.
Survey of Applications
A collection of references to papers using CGE models. Topics include: public finance; energy and environmental policy; international trade; regional analysis; economic history.
Useful references on intertemporal optimization, numerical methods and differential equations.
Peter J Wilcoxen, The Maxwell School, Syracuse University