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GE (version 0.2.6)

General Equilibrium Modeling

Description

Some tools for developing general equilibrium models and some general equilibrium models. These models can be used for teaching economic theory and are built by the methods of new structural economics (see and LI Wu, 2019, ISBN: 9787521804225, General Equilibrium and Structural Dynamics: Perspectives of New Structural Economics. Beijing: Economic Science Press). The model form and mathematical methods can be traced back to von Neumann, J. (1945, A Model of General Economic Equilibrium. The Review of Economic Studies, 13. pp. 1-9) and Kemeny, J. G., O. Morgenstern and G. L. Thompson (1956, A Generalization of the von Neumann Model of an Expanding Economy, Econometrica, 24, pp. 115-135) et al. By the way, J. G. Kemeny is a co-inventor of the computer language BASIC.

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Version

Install

install.packages('GE')

Monthly Downloads

411

Version

0.2.6

License

GPL-2 | GPL-3

Maintainer

LI Wu

Last Published

February 5th, 2022

Functions in GE (0.2.6)

apply_expand.grid

Applying a Function to All Combinations of the Supplied Vectors

demand_coefficient

Compute Demand Coefficients of an Agent with a Demand Structural Tree

Additive-Mean-Standard-Deviation Portfolio Utility Function

demCreditPolicy

A Disequilibrium Model with Credit

Constant Relative Risk Aversion (CRRA) Utility Function

Constant Absolute Risk Aversion (CARA) Utility Function

Standard CES Demand Coefficient Matrix

Additive-Mean-Variance Utility Function and Additive-Mean-Standard-Deviation Utility Function

Standard CES Function

gemHeterogeneousFirms_2_3

Instantaneous Equilibrium Paths with Heterogeneous Firms

gemExogenousPrice

Some Examples with Exogenous Price (Price Regulation)

gemInputOutputTable_7_4

A General Equilibrium Model based on a 7x4 (Standard) Input-Output Table

gemDualLinearProgramming

General Equilibrium Models and Linear Programming Problems (see Winston, 2003)

gemInputOutputTable_5_5

General Equilibrium Models based on a 5x5 Input-Output Table (see Zhang Xin, 2017, Table 3.2.1)

gemExogenousPrice_EndogenousLaborSupply_3_3

An Example of Price Regulation and Endogenous Labor Supply (Example 9.5 of Li, 2019)

gemInputOutputTable_2_8_4

A Two-Country General Equilibrium Model with Money

gemInputOutputTable_5_4

A General Equilibrium Model based on a 5x4 Input-Output Table (see Zhang Xin, 2017, Table 8.6.1)

gemExogenousUtilityLevel

Some Examples with Exogenous Utility Level and Endogenous Labor Supply

gemCanonicalDynamicMacroeconomic_3_2

A Canonical Dynamic Macroeconomic General Equilibrium Model (see Torres, 2016)

Tidy a General Equilibrium

gemInputOutputTable_SCES_3_3

A SCES-type General Equilibrium Model based on an Input-Output Table.

gemInputOutputTable_2_2

A General Equilibrium Model based on a 2x2 (Unbalanced) Input-Output Table

gemInputOutputTable_2_7_2

A Two-Country General Equilibrium Model

An Overlapping Generations Model with Land

gemOLGPrivateFirm

Overlapping Generations Models with Private Firm

gemOLGTimeCircle

Time-Circle Models (Closed Loop Overlapping Generations Models)

gemOpenEconomy_4_4

A 4-by-4 Open Economy with Bond

gemInputOutputTable_2_7_4

A Two-Country General Equilibrium Model

gemInputOutputTable_8_8

A General Equilibrium Model based on an 8x8 Input-Output Table

gemOLGPureExchange_Bank

Overlapping Generations Pure Exchange Models with Bank

gemInputOutputTable_Leontief_3_3

A Leontief-type General Equilibrium Model based on a 3x3 Input-Output Table

gemOLGPureExchange_2_2

The Basic Overlapping Generations Pure Exchange Model (see Samuelson, 1958)

gemTemporaryEquilibriumPath

Some Examples of Temporary Equilibrium Paths

gemTwoCountryForeignExchangeRate_6_6

Example 7.6 (Foreign Exchange Rate) in Li (2019)

gemSecurityPricingExample

Some Examples of Security Pricing

gemQuasilinearPureExchange_2_2

A Pure Exchange Economy with a Quasilinear Utility Function

gemOpenEconomy_6_6

A 6-by-6 Open Economy with Bond

makePolicyStickyPrice

Make a Policy of Sticky Price

gemstEndogenousProductionFunction

An Endogenous Production Function

makePolicySupply

Make a Policy of Supply

makePolicyTechnologyChange

Make a Policy of Technology Change

intertemporal_utility

Intertemporal Utility Function

policyMeanValue

Mean Value Policy Function

A General Equilibrium Model with Tax (see Cardenete et al., 2012).

Iteration Function

marginal_utility

Marginal Utility

Conversion between a Rate Vector and a Beta Vector

Insert Nodes into a Tree

gemstEndogenousUtilityFunction

An Endogenous Utility Function

gemCanonicalDynamicMacroeconomic_4_3

A Canonical Dynamic Macroeconomic General Equilibrium Model (see Torres, 2016)

Create a Tree or Set Attributes for a Node

gemInputOutputTable_easy_5_4

An Easy General Equilibrium Model based on a 5x4 Input-Output Table (see Zhang Xin, 2017, Table 8.6.1)

matrix_add_by_name

Add Matrices by Names of Columns and Rows

gemTwoCountry_Bond_7_4

An Example of Two-Country Economy with Bond

gemTwoCountryPureExchange

Some Examples of Two-Country Pure Exchange Economy

gemTwoCountry_RealExchangeRateIndex_7_4

Calculating Real Exchange Rate Index

Convert a Matrix into a Demand Structural Tree List

gemTwoCountryPureExchange_Bond

Some Examples of Two-Country Pure Exchange Economy with Bond

policyMarketClearingPrice

Market-Clearing-Price Policy Function

Population Variance and Population Standard Deviation

gemOLGFPureExchange

Overlapping Generations Financial Models for Pure Exchange Economies

gemRobinson_3_2

A Robinson Crusoe Economy

gemstStructuralMultipleEquilibria_2_2

Structural Multiple Equilibria and Structural Transition Policy

gemOLGFTwoFirms

Overlapping Generations Financial Models with Two Firms

Compute the Growth Rate

gemSecurityPricing

Compute Security Market Equilibria for Some Simple Cases

gemTwoCountry_Tariff_9_5

An Example of Two-Country Economy with Tariff

A General Equilibrium Model with Money

gemConstantGrowthPath_TechnologyProgress_3_3

Constant Growth Paths with Technology Progress

Overlapping Generations Financial Models with One Firm

Prune Nodes off a Tree by Names

Structural Dynamic Model (alias Structural Growth Model) with a Demand Structure Tree List

structural_function

Structural Function

makePolicyMeanValue

Make a Mean Value Policy Function

Ratio Adjustment

makePolicyIncomeTax

Make a Policy of Income Tax

Structural Dynamic Model (alias Structural Growth Model) Version 2

Print a Tree and Its Fields

gemTwoIndustries_4_3

A 4-by-3 Economy with Two Industries

Plot a Tree and Show the Type Attribute

Replace a Node of a Tree