Macroclosures in Open Economy Cge Models: a Numerical Reappraisal

Bernard Decaluwe (), A. Martens and M. Monette

Cahiers de recherche from Universite de Montreal, Departement de sciences economiques

Abstract: It Has Been Argued That in the Construction and Simulation Process of Computable General Equilibrium (Cge) Models, the Choice of the Proper Macroclosure Remains a Fundamental Problem. in This Study, with a Standard Cge Model, We Simulate Disturbances Stemming From the Supply Or Demand Side of the Economy, Under Alternative Macroclosures. According to Our Results, the Choice of a Particular Closure Rule, for a Given Disturbance, May Have Different Quantitative and Qualitative Impacts. This Seems to Confirm the Imiportance of Simulating Cge Models Under Alternative Closure Rules and Eventually Choosing the Closure Which Best Applies to the Economy Under Study.

Keywords: Comtation; Economic Equilibrium (search for similar items in EconPapers)
Pages: 23P. pages
Date: 1987
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:mtl:montde:8704

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