Demand-Driven Structural Change in Applied General Equilibrium Models

Testing for a unique equilibrium in applied general equilibrium models

This paper introduces a new and computationally inexpensive method to test for uniqueness of equilibrium in exchange economies. ( 1999 Published by Elsevier Science B.V. All rights reserved. JEL classixcation: C63; C68; D58

The Structure of Applied General Equilibrium Models

Capturing NAFTA's Impact With Applied General Equilibrium Models

The views expressed herein are those of the author and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System.

Identifiability of Dynamic Stochastic General Equilibrium Models with Covariance Restrictions

This article is concerned with identification problem of parameters of Dynamic Stochastic General Equilibrium Models with emphasis on structural constraints, so that the number of observable variables is equal to the number of exogenous variables. We derived a set of identifiability conditions and suggested a procedure for a thorough analysis of identification at each point in the parameters sp...

Money in General Equilibrium Models

This essay describes and critically evaluates the important features of some approaches to the problem of incorporating money in general equilibrium models and ensuring a positive demand for money. The types of approaches considered are introducing money into the utility function, and modelling the transactions demand for money through the use of cash-in-advance constraints, real resource costs...