This chapter reviews the experience of computable general equilibrium (CGE) models from the perspective of how they have, or have not, influenced public policy in developing countries. The paper describes different classes of empirical models from small, stylized to large, multisectoral applied...

Green growth is an environmental policy strategy that aims at an absolute decoupling between economic growth and resource consumption. As far as the applied policy measures focus on direct enhancements of economy-wide resource efficiency levels, their overall achievements might however be...

Against the background of economic downturn and recovery, this study analyzes container port infrastructure, shipping flows and congestion patterns to support policy level modeling rather than more micro-focused quayside-level modeling. It does so using a discrete-event simulation model of the...

This paper undertakes a Bayesian analysis of optimal monetary policy for the U.K. We estimate a suite of monetary-policy models that include both forward- and backward-looking representations as well as large- and small-scale models. We find an optimal simple Taylor-type rule that accounts for...

This paper attempts to establish the quantitative importance of the various channels of monetary transmission by constructing, estimating and simulating a small macroeconometric model of Pakistan's monetary sector, while using data from the monetary statistics and the monetary survey of the...

This article investigates the possibilities of including policy choices directly into a sector model that simulates an economic equilibrium It uses a mathematical programming framework because these models have wide applicability in agricultural sector analysis The objective function is...

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In this chapter I explain an innovative modeling approach that incorporates services, foreign direct investment (FDI) and endogenous productivity effects from services. I begin with a small stylized model to help understand the fundamental economics. The model shows that services liberalization...