Moving from Static to Dynamic General Equilibrium Economic Models (Notes for a beginner in MPSGE)
نویسنده
چکیده
The document is intended to serve as a guide for beginners in MPSGE. It starts with a short introduction to the class of economic problems which can be solved with MPSGE, followed by a detailed description of step-by-step transformation of a simple static general equilibrium model into a dynamic Ramsey model. The model is based on a simplified dataset. Two cases are considered: the first dataset represents an economy on the steady-state growth path and the second dataset is off the steady-state growth path in a base year. The paper includes GAMS-MPSGE codes which can be copied and used as a starting point for further exploration of dynamic economic modelling. Address for correspondece: Sergey Paltsev 77, Massachusetts Ave., E40-429 Massachusetts Institute of Technology Cambridge, MA 02139, USA Phone: (617) 253-0514 Fax: (617) 253-9845 e-mail: [email protected] http://web.mit.edu/paltsev/www From Static to Dynamic Models 2
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