A bank-fund projection framework with CGE features
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A bank-fund projection framework with CGE features. / Jensen, Henning Tarp; Tarp, Finn.
I: Journal of Policy Modeling, Bind 28, Nr. 2, 2006, s. 103-132.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - A bank-fund projection framework with CGE features
AU - Jensen, Henning Tarp
AU - Tarp, Finn
N1 - JEL Classification: D33, D58, E17
PY - 2006
Y1 - 2006
N2 - In this paper, we present a SAM-based methodology for integrating standard CGE features with a macroeconomic World Bank–International Monetary Fund (IMF) modelling framework. The resulting macro–micro framework is based on optimising agents, but it retains key features from the macroeconomic model. We highlight that the integrated model is amenable to analyses of issues regarding poverty and income distribution, and present an application where the model is used to study a stylized macroeconomic model growth scenario for Mozambique. The integrated model projections demonstrate that the macroeconomic growth scenario overlooks an undesirable distributional impact. The integrated macroeconomic and CGE model framework is in conclusion identified as a superior modelling tool for analysing growth scenarios
AB - In this paper, we present a SAM-based methodology for integrating standard CGE features with a macroeconomic World Bank–International Monetary Fund (IMF) modelling framework. The resulting macro–micro framework is based on optimising agents, but it retains key features from the macroeconomic model. We highlight that the integrated model is amenable to analyses of issues regarding poverty and income distribution, and present an application where the model is used to study a stylized macroeconomic model growth scenario for Mozambique. The integrated model projections demonstrate that the macroeconomic growth scenario overlooks an undesirable distributional impact. The integrated macroeconomic and CGE model framework is in conclusion identified as a superior modelling tool for analysing growth scenarios
KW - Faculty of Social Sciences
KW - financial programming
KW - macro–micro framework
KW - CGE model
U2 - 10.1016/j.jpolmod.2005.09.002
DO - 10.1016/j.jpolmod.2005.09.002
M3 - Journal article
VL - 28
SP - 103
EP - 132
JO - Journal of Policy Modeling
JF - Journal of Policy Modeling
SN - 0161-8938
IS - 2
ER -
ID: 313953