Abstract
In recent years, general equilibrium modelling has become a very active and promising research area in economics. Therefore, I think it is important that, in December 1989, the Dutch Central Planning Bureau and the Dutch Ministry of Economic Affairs organized an international symposium on this subject, in which — I am glad to say — many prominent model builders decided to participate. This Special Issue of De Economist contains the papers that were presented there. In this introduction,1 I will not try to go into any detail on applied general equilibrium model building. Instead I would like to make a few general remarks, leaving the ‘real work’ to the specialists in this field. I will devote a few words to the role of economic modelling in the recent past, the present and the future.
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Reference
This introduction is based on my opening address to the symposium.
The conference papers and the reports of the discussions have been collected in W. Driehuis, M.M.G. Fase and H. den Hartog, Challenges for Macroeconomic Modelling, Amsterdam, 1988.
N.G. Mankiw, `Recent Developments in Macroeconomics: A Quick Refresher Course,’ Journal of Money, Credit and Banking,20 (1988), part 2, pp. 436–458.
E.g. H. den Hartog and H.S. Tjan, `Investment, Wages, Prices and Demand for Labour,’ De Economist,124 (1976), pp. 32–55.
S. Fischer, `Recent Developments in Macroeconomics,’ Economic Journal, 98 (1988), pp. 294–339.
Mankiw, op. cit.
R.E. Lucas, Jr., Models of Business Cycles, Yrjö Jahnsson Lectures Series, Oxford/New York, 1987.
F. Brown and J. Whalley, `General Equilibrium Evaluations of Tariff Cutting Proposals in the Tokyo Round and Comparisons to More Extensive Liberalization of World Trade,’ Economic Journal, 98 (1980), pp. 838–866.
J. Whalley, `General Equilibrium Modelling of Trade-Liberalization Issues among Major World Trade Blocs,’ in: B.G. Hickman (ed.), Global International Economic Models, Amsterdam/New York/Oxford, 1983, pp. 121–140.
Y.K. Henderson, `Specifications of General Equilibrium Models and Results for the 1986 Tax Reform Act in the United States.’
D.W. Jorgenson and K.-Y. Yun, `The Efficiency of Capital Allocation,’ Scandinavian Journal of Economics, 88 (1986), pp. 85–107.
A.L. Bovenberg and L.H. Goulder, `Introducing Intertemporal and Open-Economy Features in Applied General Equilibrium Models.’
M.A. Keyzer, ‘On the Approximation of Infinite Horizon Allocations.’
E. Offerdal, `Tax Reform, Capital Allocation and Welfare Gains in Norway.’
G.M.M. Gelauff, F.A.M. van Erp, J.J. Graafland, A.E. van Hien and A.G.H. Nibbelink, `Towards an Analysis of Tax Effects on Labour Market and Allocation, A Micro/Macro Approach.’
O.J.C. Cornielje and C. Zeelenberg, `Excess Demand in the Keller Model.’
C. Dewatripont, S. Erlich, V. Ginsburgh and D. van Regemorter, `The Effects on Unemployment of Reducing Social Security Contributions; A General Equilibrium Analysis for Belgium.’
This model was first published in W.J. Keller, Tax Incidence, A General Equilibrium Approach, Amsterdam, 1980.
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© 1991 Springer Science+Business Media New York
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Rutten, F.W. (1991). Introduction. In: Don, H., van de Klundert, T., van Sinderen, J. (eds) Applied General Equilibrium Modelling. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7908-7_1
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DOI: https://doi.org/10.1007/978-94-015-7908-7_1
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