General equilibrium (GE) theory—long the domain of abstract economic models—has found unexpected relevance in today’s turbulent geopolitical and geofinancial landscape. Originally designed to model ...

The American Journal of Economics and Sociology, Vol. 59, No. 2 (Apr., 2000), pp. 315-333 (19 pages) Using a general equilibrium model that is completely free of macroeconomic aggregates, this paper ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper develops a structural macroeconometric model of the world economy, disaggregated into forty national economies.

There are a wide variety of theoretical general equilibrium models with incomplete security markets. In this paper we give a general recipe for using homotopy algorithm to compute equilibria in these ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

China introduced the world's largest emissions trading system in 2021 which is intended to help cost-effectively achieve its pledges of reaching a peak in CO2 emissions before 2030 and carbon ...

“Among all the Nobel Laureates in Economics, I have done the most abstract work,” Gérard Debreu said in 1985, two years after he’d received the Nobel Prize for his theory of economic equilibrium.

The EU plans to introduce Carbon Border Adjustment Mechanism (CBAM) to curb carbon leakage and protect energy-intensive and trade-exposed (EITE) industry. This move by the EU to introduce CBAMs has ...

Paul Oslington is Vice-President (NSW) of the Economic Society of Australia, and Professor of Economics and Dean of Business at Alphacrucis College Controversy surrounding the use of economic ...