The analysis of economywide models is a particularly demanding topic in economics since it involves the study of interdependence. It implies a move to the realm of multiple heterogeneous agents, sectors and institutions interacting in complex ways. While there are some analytical methods and...

This paper, and its accompanying programs, provide a practical introduction to macroeconomic policy analysis methods and show how to implement in DUALI deterministic and stochastic simulations with standard and rational expectations models. The analysis of the general properties of dynamic...

The paper presents mathematical methods of deterministic optimal control in continuous time and stochastic dynamic programming in discrete time, and computational techniques for their implementation in the General Algebraic Modeling System (GAMS). The methods and their computational...

The paper presents methods of linear and nonlinear mathematical programming and their computational implementation in the General Algebraic Modeling System (GAMS). It also presents economic examples and introduces a number of solution algorithms: simplex, gradient, Newton and penalties.

Most developing countries are small open economies; they have quite limited absorptive capacity for new physical and human capital; face credit constraints in international financial markets; and, last but not least, they are usually far from the steady state. Thus, transitional dynamics...

The recent crisis of the Washington Consensus has brought with it the return of the involvement of the state in the development process in a number of countries. However, a lot of water has run under the bridge since the golden years of development planning. In this note we review the main...

This article deals with the work carried out in Argentine institutions at the level of empirical economywide modeling, particularly in the fields of input-output and computable general equilibrium modeling, pointing out some limitations and proposing possible extensions.

In this paper I review the main features of the Argentine economic recovery that took place after the 2001/2002 crisis. I analyze that recovery along several dimensions: growth, fiscal and export performance, debt, international reserves, unemployment and poverty. I also review the 1990s...

The main goal of this paper is simple: to emphasize the ambiguities of policy analysis when we departure from the standard competitive model as a point of reference. After reviewing the most salient features of the fiscal history of Argentina's industrial development, a simple static model is...

Critiques of standard one-dimensional development indices are gaining momentum. The Human Development Index and the Human Development Index Adjusted for Inequality are two of the most well known multidimensional alternative indices. However, questions arise regarding their usefulness for policy...