Macro-Micro Models

John Cockburn, Luc Savard and Luca Tiberti

Cahiers de recherche from Departement d'économique de l'École de gestion à l'Université de Sherbrooke

Abstract: In this paper we review the joint macro-micro modeling framework. In the last twenty years, analysts have increasingly used computable general equilibrium (CGE) models jointly with microsimulation (MS) models to perform efficiency and distributive impact analysis. CGE models focus on macro and sectoral impact of policy reforms and they also capture general equilibrium effects of simulations. MS models focus on households of individuals’ behavior and are a key tool for distributional impact analysis. We detail the different approaches used and highlighting their advantages and disadvantages. We review the representative agent, the fully integrated, the top-down, bottom-up and iterative approaches.

Keywords: CGE model; microsimulation model; distributional impact analysis; poverty analysis (search for similar items in EconPapers)
JEL-codes: C58 C81 D31 D58 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2015-08
New Economics Papers: this item is included in nep-cmp
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Citations: View citations in EconPapers (12)

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http://gredi.recherche.usherbrooke.ca/wpapers/GREDI-1508.pdf (application/pdf)

Related works:
Working Paper: Macro-Micro Models (2015)
Working Paper: Macro-Micro Models (2015)
Chapter: Macro-Micro Models (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:shr:wpaper:15-08

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