By Francisco J. André
This booklet provides a methodological technique for the joint layout of monetary and environmental rules. the place to begin is the statement that, in perform, coverage makers don't frequently have a well-defined goal, yet they're ordinarily considering a few monetary and environmental signs that clash with one another. In view of this, coverage making is addressed by way of combining separate analytical methods: a number of standards determination making (MCDM) and computable basic equilibrium (CGE) modeling. the purpose is to come back up with a methodological framework for coverage layout that is either operational and in keeping with financial idea. in brief, this ebook bargains a unified view of this novel process, paying unique consciousness to the connections among financial and environmental pursuits. The methodological foundations are offered in addition to a few actual purposes that illustrate the pragmatic worth of the theoretical proposal.
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Extra info for Designing Public Policies: An Approach Based on Multi-Criteria Analysis and Computable General Equilibrium Modeling
University of California Press, Berkeley, pp 507–532 Arrow KJ, Debreu G (1954) Existence of an equilibrium for a competitive economy. Econometrica 22(3):265–290 Balasko Y, Cass D, Shell K (1980) Existence of competitive equilibrium in a general overlapping generations model. J Econ Theory 23:307–322 Ballard CL, Fullerton D, Shoven JB, Whalley J (1985) A general equilibrium model for tax policy evaluation. University Chicago Press, Chicago Benjamin N (1994) Investment, expectations, and dutch disease, a comparative study: Bolivia, Cameroon, Indonesia.
I) To Conclude. Some Recent Related Applications This brief review of the origins of applied general equilibrium models has revealed one of the most important strengths of this approach. Indeed, AGE models are so versatile that they can be accommodated to a wide array of fields. Moreover, their use has spread to specific areas where there was no previous room for global analyses and where almost no formal works on impact measures had yet been developed. A presentation of the state of the art can be found in Kehoe et al.
In: Wallet Herdelberg HO (ed) Functional equations and approximations of fixed points. Springer, New York References 31 Von Mises L (1920) Die Wirtschftsrechnung in Socialistischen Cemeinwesen. Archif f€ ur Socialwissenschaften, 47, translated into English and included in Collectivist Economic Planning, F. A. Hayek, London (1935) Von Neumann J (1937) A model of general economic equilibrium. (Translated in Rev Econ Stud 13(33):1–9 (1945)) Wald A (1951) On some systems of equations of mathematical economics.