Over the past 20 years, macroeconomists have incorporated more and more results from behavioral economics into their models. We argue that doing so has helped fixed deficiencies with standard approaches to modeling the economy — for example, the counterfactual absence of inertia in the...

Over the past 20 years, macroeconomists have incorporated more and more results from behavioral economics into their models. We argue that doing so has helped fixed deficiencies with standard approaches to modeling the economy — for example, the counterfactual absence of inertia in the...

In this paper the PAPA model, constructed for the Brazilian economy, is described as well as some simulations of policies made with this model. The PAPA model is a Computable General Equilibrium (CGE) model of the Johansen type and the solutions of the model are given in growth rates. This model...

We build, calibrate and simulate a stylized energy-economy model designed to evaluate the magnitude of carbon tax that would allow the French economy to reduce by a factor of four its CO2 emissions at a forty-year horizon. We estimate the substitution possibilities between fossil energy and...

In this work a general purpose multisectoral economy-wide model, solved for growth rates, is constructed for the Brazilian economy.In constructing the Brazilian model, the ORANI model for the Australian Economy was chosen as the starting point and was modified in a way that it can reflect and...

The paper describes the version (2012) of the Romanian economic macromodel. The model has been constructed taking into account the important consequences induced by the integration of the country into the European Union and by the world crisis. Some supplementary requests of the government...

Agent-based simulation models are a relatively new addition to the tool-box of macroeconomists. In this chapter we introduce the Eurace@Unibi model and the research that has been done within this framework. We show how an agent-based model can be used to identify economic mechanisms and how it...

This paper describes the KAPSARC energy model, which we developed to take an integrated view of the energy issues faced by Saudi Arabia. These issues result from growing internal energy demand that is cutting into the country's ability to export oil, constrained supplies of natural gas that...

I have been doing research in macroeconomics since the late 1960s, almost 50 years. In this paper I pause and take stock. The paper is part personal reflections on macroeconometric modeling, part a road map of the techniques of macroeconometric modeling, and part comments on what I think I have...