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Rational expectations for large CGE models: A practical algorithm and a policy application

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  • Dixon, Peter B.
  • Pearson, K.R.
  • Picton, Mark R.
  • Rimmer, Maureen T.

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Bibliographic Info

Article provided by Elsevier in its journal Economic Modelling.

Volume (Year): 22 (2005)
Issue (Month): 6 (December)
Pages: 1001-1019

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Handle: RePEc:eee:ecmode:v:22:y:2005:i:6:p:1001-1019

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Web page: http://www.elsevier.com/locate/inca/30411

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References

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  1. Ray C. Fair & John B. Taylor, 1980. "Solution and Maximum Likelihood Estimation of Dynamic Nonlinear RationalExpectations Models," NBER Technical Working Papers 0005, National Bureau of Economic Research, Inc.
  2. Lawrence H. Goulder & Lawrence H. Summers, 1987. "Tax Policy, Asset Prices, and Growth: A General Equilibrium Analysis," NBER Working Papers 2128, National Bureau of Economic Research, Inc.
  3. Malakellis, Michael, 1998. "Should Tariff Reductions Be Announced? An Intertemporal Computable General Equilibrium Analysis," The Economic Record, The Economic Society of Australia, vol. 74(225), pages 121-38, June.
  4. Hall, S G, 1985. "On the Solution of Large Economic Models with Consistent Expectations," Bulletin of Economic Research, Wiley Blackwell, vol. 37(2), pages 157-61, May.
  5. Harrison, W Jill & Pearson, K R, 1996. "Computing Solutions for Large General Equilibrium Models Using GEMPACK," Computational Economics, Society for Computational Economics, vol. 9(2), pages 83-127, May.
  6. Peter B. Dixon & K.R. Pearson & Mark R. Picton & Maureen T. Rimmer, 2002. "Rational Expectations for Large Models: A Practical Algorithm and a Policy Application," Centre of Policy Studies/IMPACT Centre Working Papers ip-81, Victoria University, Centre of Policy Studies/IMPACT Centre.
  7. Mercenier, J. & Da Conceicao Sampaio de Souza, M., 1991. "Structural Adjustment and Growth in a Highy Indebted Market Economy: Brazil," Cahiers de recherche 9103, Universite de Montreal, Departement de sciences economiques.
  8. Blanchard, Olivier Jean & Kahn, Charles M, 1980. "The Solution of Linear Difference Models under Rational Expectations," Econometrica, Econometric Society, vol. 48(5), pages 1305-11, July.
  9. Jorgenson, Dale W. & Wilcoxen, Peter J., 1993. "Energy the environment, and economic growth," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 3, chapter 27, pages 1267-1349 Elsevier.
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Citations

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Cited by:
  1. G. Menzies & R. Bird & P. Dixon & M. Rimmer, 2010. "The Economic Costs of US Stock Mispricing," Centre of Policy Studies/IMPACT Centre Working Papers g-204, Victoria University, Centre of Policy Studies/IMPACT Centre.
  2. Peter B. Dixon & Martin Johnson & Maureen T. Rimmer, 2008. "Reducing Illegal Migrants in the U.S.: A Dynamic CGE Analysis," Centre of Policy Studies/IMPACT Centre Working Papers g-183, Victoria University, Centre of Policy Studies/IMPACT Centre.
  3. Wei Jin, 2012. "Can Technological Innovation Help China Take on Its Climate Responsibility? A Computable General Equilibrium Analysis," CAMA Working Papers 2012-51, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  4. Femenia, Fabienne & Alexandre, Gohin, 2009. "Dynamic modelling of agricultural policies: the role of expectation schemes," 2009 Conference, August 16-22, 2009, Beijing, China 51665, International Association of Agricultural Economists.
  5. Wei Jin, 2012. "International Knowledge Spillover and Technology Externality: Why Multilateral R&D Coordination Matters for Global Climate Governance," CAMA Working Papers 2012-53, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  6. Wei Jin, 2012. "Can China Harness Globalization to Reap Carbon Savings? Modeling International Technology Diffusion in a Multi-region Framework," CAMA Working Papers 2012-52, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  7. Peter B. Dixon & Maureen T. Rimmer, 2011. "Doubling U.S. Exports under the President's National Export Initiative: Is it realistic? Is it desirable?," Centre of Policy Studies/IMPACT Centre Working Papers g-220, Victoria University, Centre of Policy Studies/IMPACT Centre.
  8. Axel Tonini & Jerzy Michalek & Thomas Fellmann & Robert M'baretk & Jacques Delincé & George Philippidis & Maciej Bukowski & Piero Conforti & Alexandre Gohin & Andrey Krasovskii & Hans Van Meijl & D, 2013. "Simulating long term effects of policies in the agrifood sector: requirements, challenges and recommendations," Working Papers 222739, Institut National de la Recherche Agronomique, France.
  9. P.B. Dixon & J.A. Giesecke & M.T. Rimmer & A. Rose, 2009. "The Economic Consequences of the U.S. Border Closure in Response to a Security Threat: A Dynamic CGE Assessment," Centre of Policy Studies/IMPACT Centre Working Papers g-184, Victoria University, Centre of Policy Studies/IMPACT Centre.
  10. Robert M´barek & Ivelin Iliev Rizov, 2013. "European Coexistence Bureau. Best Practice Documents for coexistence of genetically modified crops with conventional and organic farming. 3. Coexistence of genetically modified maize and honey product," JRC-IPTS Working Papers JRC84850, Institute for Prospective and Technological Studies, Joint Research Centre.
  11. Adams, Philip D. & Parmenter, Brian R., 2013. "Computable General Equilibrium Modeling of Environmental Issues in Australia," Handbook of Computable General Equilibrium Modeling, Elsevier.
  12. T. Nicolaus Tideman & Florenz Plassmann, 2006. "An algorithm for sequential solutions of dynamic CGE models with perfect foresight over an infinite numbers of periods," Working Papers e07-6, Virginia Polytechnic Institute and State University, Department of Economics.
  13. Yinhua Mai & Peter B. Dixon & Maureen Rimmer, 2010. "CHINAGEM: A Monash-Styled Dynamic CGE Model of China," Centre of Policy Studies/IMPACT Centre Working Papers g-201, Victoria University, Centre of Policy Studies/IMPACT Centre.
  14. Pratt, Stephen & Blake, Adam & Swann, Peter, 2013. "Dynamic general equilibrium model with uncertainty: Uncertainty regarding the future path of the economy," Economic Modelling, Elsevier, vol. 32(C), pages 429-439.
  15. Dixon, Peter B. & Koopman, Robert B. & Rimmer, Maureen T., 2013. "The MONASH Style of Computable General Equilibrium Modeling: A Framework for Practical Policy Analysis," Handbook of Computable General Equilibrium Modeling, Elsevier.

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