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Computable economics is a growing field of research which has been given much attention by scholars in recent decades. In this authoritative collection, the editors successfully bring together the seminal papers of computable economics from the last sixty years and encompass the works of some of the most influential researchers in this area. Topics covered in this timely volume include the foundations of computable economics, classics of computable choice theory, computable macroeconomics and computable and social choice theory. The book is enhanced with a comprehensive introduction by the editors and will serve as an essential source of reference for students and researchers in the field

Computable Foundations for Economics is a unified collection of essays, some of which are published here for the first time and all of which have been updated for this book, on an approach to economic theory from the point of view of algorithmic mathematics. By algorithmic mathematics the author means computability theory and constructive mathematics. This is in contrast to orthodox mathematical economics and game theory, which are formalised with the mathematics of real analysis, underpinned by what is called the ZFC formalism, i.e., set theory with the axiom of choice. This reliance on ordin

In this papaer we develop a computable general equilibrium economy that models the banking sector explicitly. Banks intermediate between households and between the household sector and the government sector. Households borrow from banks to finance their purchases of houses and they lend to banks to save for retirement. Banks pool househols' savings and they purchase interestbearting government debt and non-ibterest bearing reserves. We use this structure to answer two sets of questions: one normative in nature the evaluates the welfare costs of alternative monetary and tax policies, and one positive in nature that studies the real effects of following a procyclical interestrate policy rule.

In this paper we develop a computable general equilibrium economy that models the banking sector explicitly. Banks intermediate between households and between the household sector and the government sector. Households borrow from banks to finance their purchases of houses and they lend to banks to save for retirement. Banks pool households' savings and they purchase interest-bearing government debt and non-interest-bearing reserves. We use this structure to answer two sets of questions: one normative in nature that evaluates the welfare costs of alternative monetary and tax policies, and one positive in nature that studies the real effects of following a procyclical interest-rate policy rule. ; Publicado

Computable general equilibrium (CGE) models play an important role in supporting public-policy making on such issues as trade, climate change and taxation. This significantly revised volume, keeping pace with the next-generation standard CGE model, is the only undergraduate-level introduction of its kind. The volume utilizes a graphical approach to explain the economic theory underlying a CGE model, and provides results from simple, small-scale CGE models to illustrate the links between theory and model outcomes. Its eleven hands-on exercises introduce modelling techniques that are applied to real-world economic problems. Students learn how to integrate their separate fields of economic study into a comprehensive, general equilibrium perspective as they develop their skills as producers or consumers of CGE-based analysis.

In this paper we describe the structure of the computable general equilibrium (CGE) model and data that enables estimation of certain policy changes in Croatia. Namely, we build a 5-sector (households, firms, government, investors and foreigners) economy model while our economy is disaggregated on three highly aggregated sectors. Afterwards, we present Croatian data which enables us to simulate the model in Nadoveza, Sekur and Penava (upcoming). These data are seen as snapshot of established equilibrium in 2010 in Croatia and they represent the main input for the CGE models. Finally, we conduct the reality check of our calibrated parameters.

Computable General Equilibrium (CGE) modelling is a relatively new field in economics, however, it is rapidly becoming one of the most useful tools for policy evaluation. This book applies CGE modelling to some of the most urgent international economic policy problems, including the Kyoto Protocol, pension reform, and income taxation, and also analyses the methodological issues that arise