What is CGE Modeling? Computable General Equilibrium (CGE) modeling is a type of economic modeling used to study the impacts of economic policies and shocks on the economy as a whole. The goal of CGE modeling is to provide a comprehensive and consistent representation of the interactions among different sectors and agents within an economy. …
Summary: In this article, we will review very useful packages in the R library which allow downloading the data from the World Development Indicators (WDI) of the World Bank. After that, we will execute some simple tools to create a nice graph of correlations and some basic descriptive statistics. Let’s say we want to use …
Watch a part of the live DSGE training organized by M&S Research Hub, for more information and videos visit https://ms-researchhub.com/home/training/gem-training.html
Log-linearisation in Short with an example
“A replication study attempts to validate the findings of a published piece of research. By doing so, that prior research is confirmed as being both accurate and broadly applicable” A replication process generally consists of two parts. The first part is concerned with reproducing key findings from the original study. If this step was successful, …
The world is cruel! Actors, football players, and models are millionaires and their monthly paychecks can sometimes exceed some developing countries’ annual budgets., while doctors, researchers, and teachers in the majority of countries earn only what is enough for living. In such times, when the entire humankind is at threat and faces a global crisis, …
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An excerpt from Manikw’s blog When I was CEA chair, I sent the following guidelines to my staff as they started drafting the Economic Report of the President. A friend recently emailed me a copy, and I thought I would share them with blog readers. They are good rules of thumb, especially for economists writing …
