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General Equilibrium Models: An Overview

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  • Rómulo A. Chumacero
  • Klaus Schmidt-Hebbel

Abstract

This article reviews the literature on general equilibrium models, relevant to the Chilean economy, and revised versions of the papers presented at the Conference of General Equilibrium Models for the Chilean Economy organized by the Central Bank of Chile, that will be published in a book by the same name (edited by Rómulo Chumacero and Klaus Schmidt-Hebbel, 2005). This introductory chapter provides a brief overview of the development and application of three families of GEMs: macroeconomic GEMs, computable general equilibrium models, and overlapping generations models. We also summarize the scope and main results of the twelve GEMs that comprise the volume.

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Bibliographic Info

Paper provided by Central Bank of Chile in its series Working Papers Central Bank of Chile with number 307.

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Date of creation: Dec 2004
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Handle: RePEc:chb:bcchwp:307

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  27. David Holland & Eugenio Figueroa & Roberto Álvarez & John Gilbert, 2005. "Imperfect Labor Mobility, Urban Unemployment and Agricultural Trade Reform in Chile," Central Banking, Analysis, and Economic Policies Book Series, in: Rómulo A. Chumacero & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel ( (ed.), General Equilibrium Models for the Chilean Economy, edition 1, volume 9, chapter 11, pages 375-395 Central Bank of Chile.
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Cited by:
  1. Rodrigo Caputo & Felipe Liendo & Juan Pablo Medina, 2006. "New Keynesian Models For Chile During the Inflation Targeting Regime: A Structural Approach," Working Papers Central Bank of Chile 402, Central Bank of Chile.
  2. Dierk Herzer, 2005. "Does Trade Increase Total Factor Productivity: Cointegration Evidence for Chile," Ibero America Institute for Econ. Research (IAI) Discussion Papers 115, Ibero-America Institute for Economic Research.
  3. Pablo Pincheira B & Álvaro García M, 2007. "Oil Shocks and Inflation The Case Of Chile and a Sample of Industrial Countries," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 10(1), pages 5-36, April.
  4. José Miguel Benavente & Cintia Külzer, 2008. "Creación y destrucción de empresas en Chile," Estudios de Economia, University of Chile, Department of Economics, vol. 35(2 Year 20), pages 195-214, December.
  5. Acuña, Andrés, 2006. "Desempleo y Actividad Económica Regional: Un Enfoque Cíclico
    [Unemployment and Regional Economic Activity: A Cyclical Approach]    ," MPRA Paper 8275, University Library of Munich, Germany, revised Mar 2006.
  6. Raphael Bergoeing & Felipe Morandé & Facundo Piguillem, 2003. "Labor Market Distortions, Employment and Growth: The Recent Chilean Experience," Documentos de Trabajo 169, Centro de Economía Aplicada, Universidad de Chile.
  7. Calani, Mauricio, 2007. "Testing Globalization-Disinflation Hypothesis," MPRA Paper 4787, University Library of Munich, Germany, revised 10 Sep 2007.
  8. Jorge Hermann & Rómulo Chumacero, 2005. "No Estaba Muerta, ...: La Teoría Cuantitativa y la Relación entre Dinero e Inflación," Working Papers Central Bank of Chile 324, Central Bank of Chile.
  9. Kamil Dybczak & David Vonka & Nico van der Windt, 2008. "The Effect of Oil Price Shocks on the Czech Economy," Working Papers 2008/5, Czech National Bank, Research Department.
  10. Arend, Mario & Norambuena, Vivian, 2005. "Análisis para Chile del efecto de un shock adverso de términos de intercambio sobre el tipo de cambio y la cuenta corriente
    [Analysis of the Effects of a Negative Terms-of-Trade Shock over the Re    ," MPRA Paper 27175, University Library of Munich, Germany.
  11. Idrovo Aguirre, Byron & Contreras, Javier, 2009. "Un Modelo SARIMA para Predecir la Tasa de Desempleo de Chile
    [A model SARIMA to predict chilean unemployment]    ," MPRA Paper 19369, University Library of Munich, Germany, revised 17 Sep 2009.
  12. Lucas Navarro & Raimundo Soto, 2006. "Procyclical Productivity in Manufacturing," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 43(127), pages 193-220.
  13. Helmut Franken & Guillermo Le Fort & Eric Parrado, 2006. "Business Cycle Responses and the Resilence of the Chilean Economy," Central Banking, Analysis, and Economic Policies Book Series, in: Ricardo Caballero & César Calderón & Luis Felipe Céspedes & Norman Loayza (Series Editor) & Klaus (ed.), External Vulnerability and Preventive Policies, edition 1, volume 10, chapter 4, pages 071-108 Central Bank of Chile.
  14. Seckin Sunal, 2009. "A Two Period Comparison of Computable General Equilibrium Models on Developing Countries: A Random Survey," Working Papers 0012, Yildiz Technical University, Department of Economics, revised 2009.
  15. Rodrigo Caputo & Felipe Liendo & Juan Pablo Medina, 2007. "New Keynesian Models for Chile in the Inflation-Targeting Period," Central Banking, Analysis, and Economic Policies Book Series, in: Frederic S. Miskin & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.), Monetary Policy under Inflation Targeting, edition 1, volume 11, chapter 13, pages 507-546 Central Bank of Chile.
  16. Raphael Bergoeing & Facundo Piguillem, 2003. "Innovaciones en productividad y dinámica de plantas," Revista de Analisis Economico – Economic Analysis Review, Ilades-Georgetown University, Economics Department, vol. 18(2), pages 3-32, December.

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