A bank-fund projection framework with CGE features

Henning Tarp Jensen; Finn Tarp

doi:10.1016/j.jpolmod.2005.09.002

A bank-fund projection framework with CGE features

Henning Tarp Jensen, Finn Tarp

1 Citation (Scopus)

Abstract

In this paper, we present a SAM-based methodology for integrating standard CGE features with a macroeconomic World Bank–International Monetary Fund (IMF) modelling framework. The resulting macro–micro framework is based on optimising agents, but it retains key features from the macroeconomic model. We highlight that the integrated model is amenable to analyses of issues regarding poverty and income distribution, and present an application where the model is used to study a stylized macroeconomic model growth scenario for Mozambique. The integrated model projections demonstrate that the macroeconomic growth scenario overlooks an undesirable distributional impact. The integrated macroeconomic and CGE model framework is in conclusion identified as a superior modelling tool for analysing growth scenarios

Original language	English
Journal	Journal of Policy Modeling
Volume	28
Issue number	2
Pages (from-to)	103-132
ISSN	0161-8938
DOIs	https://doi.org/10.1016/j.jpolmod.2005.09.002
Publication status	Published - 2006

Keywords

Faculty of Social Sciences
financial programming
macro–micro framework
CGE model

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10.1016/j.jpolmod.2005.09.002

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title = "A bank-fund projection framework with CGE features",

abstract = "In this paper, we present a SAM-based methodology for integrating standard CGE features with a macroeconomic World Bank–International Monetary Fund (IMF) modelling framework. The resulting macro–micro framework is based on optimising agents, but it retains key features from the macroeconomic model. We highlight that the integrated model is amenable to analyses of issues regarding poverty and income distribution, and present an application where the model is used to study a stylized macroeconomic model growth scenario for Mozambique. The integrated model projections demonstrate that the macroeconomic growth scenario overlooks an undesirable distributional impact. The integrated macroeconomic and CGE model framework is in conclusion identified as a superior modelling tool for analysing growth scenarios",

keywords = "Faculty of Social Sciences, financial programming, macro–micro framework, CGE model",

author = "Jensen, {Henning Tarp} and Finn Tarp",

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T1 - A bank-fund projection framework with CGE features

AU - Jensen, Henning Tarp

AU - Tarp, Finn

N1 - JEL Classification: D33, D58, E17

PY - 2006

Y1 - 2006

N2 - In this paper, we present a SAM-based methodology for integrating standard CGE features with a macroeconomic World Bank–International Monetary Fund (IMF) modelling framework. The resulting macro–micro framework is based on optimising agents, but it retains key features from the macroeconomic model. We highlight that the integrated model is amenable to analyses of issues regarding poverty and income distribution, and present an application where the model is used to study a stylized macroeconomic model growth scenario for Mozambique. The integrated model projections demonstrate that the macroeconomic growth scenario overlooks an undesirable distributional impact. The integrated macroeconomic and CGE model framework is in conclusion identified as a superior modelling tool for analysing growth scenarios

AB - In this paper, we present a SAM-based methodology for integrating standard CGE features with a macroeconomic World Bank–International Monetary Fund (IMF) modelling framework. The resulting macro–micro framework is based on optimising agents, but it retains key features from the macroeconomic model. We highlight that the integrated model is amenable to analyses of issues regarding poverty and income distribution, and present an application where the model is used to study a stylized macroeconomic model growth scenario for Mozambique. The integrated model projections demonstrate that the macroeconomic growth scenario overlooks an undesirable distributional impact. The integrated macroeconomic and CGE model framework is in conclusion identified as a superior modelling tool for analysing growth scenarios

KW - Faculty of Social Sciences

KW - financial programming

KW - macro–micro framework

KW - CGE model

U2 - 10.1016/j.jpolmod.2005.09.002

DO - 10.1016/j.jpolmod.2005.09.002

M3 - Journal article

SN - 0161-8938

VL - 28

SP - 103

EP - 132

JO - Journal of Policy Modeling

JF - Journal of Policy Modeling

IS - 2

ER -

A bank-fund projection framework with CGE features

Abstract

Keywords

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