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Author
Schmidt-Hebbel, Klaus (2)
Chumacero, Rómulo (1)Gallego Yáñez, Francisco (1)Servén, Luis (1)
Subject
EQUILIBRIO (ECONOMÍA) (2)
MACROECONOMÍA (1)... View More
Date Issued
2005 (2)
Document Type
Artículo (2)
  •   Chilean Central Bank Digital Repository
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General equilibrium models: an overview 

Author
Chumacero, Rómulo; Schmidt-Hebbel, Klaus
Date
Banco Central de Chile, 2005
Subject
EQUILIBRIO (ECONOMÍA)
The development of general equilibrium models (GEMs) goes back a long way in economics, both at a theoretical level and as a tool for empirical analysis. General equilibrium theory and modeling have proved to be relevant and useful for understanding economic interactions between markets and agents in ...
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General equilibrium dynamics of external shocks and policy changes in Chile 

Author
Gallego Yáñez, Francisco; Schmidt-Hebbel, Klaus; Servén, Luis
Date
Banco Central de Chile, 2005
Subject
EQUILIBRIO (ECONOMÍA); MACROECONOMÍA
This paper explores Chile’s macroeconomic dynamics with the help of a general equilibrium model parameterized for the Chilean economy. The model is based on microanalytic foundations, and its basic relations are derived from intertemporal optimization by a group of forward-looking agents endowed with ...
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