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GE (version 0.2.9)

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

629

Version

0.2.9

License

GPL-2 | GPL-3

Maintainer

LI Wu

Last Published

April 26th, 2022

Functions in GE (0.2.9)

demCreditPolicy

A Disequilibrium Model with Credit

gemCanonicalDynamicMacroeconomic_4_3

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

gemCoffeeProblem_3_3

Coffee Problem: Some Examples of Equilibrium and Disequilibrium Pure Exchange Economies

gemInputOutputTable_2_2

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

gemHeterogeneousFirms_2_3

Market Clearing Paths with Heterogeneous Firms

Standard CES Demand Coefficient Matrix

Standard CES Function

gemInputOutputTable_8_8

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

gemLand_Labor_Capital_4_3

Some Examples of Market Clearing Paths Involving Land, Labor and Capital

gemInputOutputTable_Leontief_3_3

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

gemMarketClearingPath_2_2

Some Examples of Market Clearing Paths

gemExogenousUtilityLevel_EndogenousLaborSupply_3_3

Some Examples with Exogenous Utility Level and Endogenous Labor Supply

gemIntertemporal_Bank_1_2

Some Examples of an Intertemporal Model with a Consumer and a Type of Bank

gemExogenousPrice_EndogenousLaborSupply_3_3

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

gemIntertemporal_3_4

Some Examples of Intertemporal Models with Two Consumers and Two Types of Firms

gemOLGPrivateFirm

Overlapping Generations Models with Private Firm

gemIntertemporal_TimeCircle_2_2

Some Examples of a 2-by-2 Time Circle Equilibrium Model

gemOLGPureExchange_2_2

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

gemSecurityPricingExample

Some Examples of Security Pricing

Some General Equilibrium Models with Tax

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

Additive-Mean-Standard-Deviation Portfolio Utility Function

gemConstantGrowthPath_TechnologyProgress_3_3

Constant Growth Paths with Technology Progress

Constant Relative Risk Aversion (CRRA) Utility Function

gemTwoCountryPureExchange

Some Examples of Two-Country Pure Exchange Economy

gemIntertemporal_TimeCircle_3_3

A Time Circle Model with One Consumer and Two Types of Firms

Insert Nodes into a Tree

Convert a Matrix into a Demand Structural Tree List

Displaced CES Utility Function and Displaced CES Demand Function

gemCanonicalDynamicMacroeconomic_3_2

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

gemBalancedGrowthPath

Some Examples of Balanced Growth Paths

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)

Population Variance and Population Standard Deviation

Create a Tree or Set Attributes for a Node

Replace a Node of a Tree

structural_function

Structural Function

A General Equilibrium Model with Money

gemIntertemporal_2_2

Some Examples of a 2-by-2 Intertemporal Equilibrium Model

A Model with a Displaced CES Utility Function

gemIntertemporal_3_3

Some Examples of Intertemporal Models with One Consumer and Two Types of Firms

Some 3-by-3 General Equilibrium Models with Money

gemRobinson_3_2

A Robinson Crusoe Economy

gemIntertemporal_TimeCircle_3_4

A Time Circle Model with Two Consumers and Two Types of Firms

gemTemporaryEquilibriumPath

Some Examples of Temporary Equilibrium Paths

gemTwoCountryForeignExchangeRate_6_6

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

gemSecurityPricing

Compute Security Market Equilibria for Some Simple Cases

Conversion between a Rate Vector and a Beta Vector

Some Simple 3-by-4 General Equilibrium Models

makePolicyStickyPrice

Make a Policy of Sticky Price

Ratio Adjustment

Some Simple 3-by-3 General Equilibrium Models

makePolicyMeanValue

Make a Mean Value Policy Function

gemTwoCountryPureExchange_Bond

Some Examples of Two-Country Pure Exchange Economy with Bond

intertemporal_utility

Intertemporal Utility Function

demand_coefficient

Compute Demand Coefficients of an Agent with a Demand Structural Tree

gemOLGPureExchange_Bank

Overlapping Generations Pure Exchange Models with Bank

Constant Absolute Risk Aversion (CARA) Utility Function

Tidy a General Equilibrium

gemDualLinearProgramming

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

gemIntertemporal_TimeCircle_Bank_1_2

Some Examples of a Time Circle Model with a Consumer and a Type of Bank

gemEquityShare_3_3

A General Equilibrium Model with Equity Shares

gemEquityShare_Bond_4_4

A General Equilibrium Model with Equity Shares and Bond

gemOLGTimeCircle

Time-Circle Models (Closed Loop Overlapping Generations Models)

gemInputOutputTable_2_7_2

A Two-Country General Equilibrium Model

Structural Dynamic Model (alias Structural Growth Model) Version 2

Iteration Function

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

Overlapping Generations Financial Models with One Firm

gemIntertemporal_TimeCircle_Stochastic_2_2

A Time Circle Model with Uncertainty

gemInputOutputTable_SCES_3_3

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

gemInputOutputTable_easy_5_4

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

gemInputOutputTable_2_7_4

A Two-Country General Equilibrium Model

gemOLGFPureExchange

Overlapping Generations Financial Models for Pure Exchange Economies

Some Examples of Market Clearing Paths Involving Land and Labor

gemOpenEconomy_4_4

A 4-by-4 Open Economy with Bond

gemInputOutputTable_5_5

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

gemExogenousPrice

Some Examples with Exogenous Price (Price Regulation)

gemPersistentTechnologicalProgress

Some Examples of Market Clearing Paths with Persistent Technological Progress

gemIntertemporal_Bank_1_3

Some Examples of an Intertemporal Model with Two Consumers and a Type of Bank

gemInputOutputTable_7_4

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

gemIntertemporal_Stochastic_2_2

An Intertemporal Model with Uncertainty

gemTwoCountry_Tariff_9_5

An Example of Two-Country Economy with Tariff

gemOpenEconomy_6_6

A 6-by-6 Open Economy with Bond

gemTwoIndustries_4_3

A 4-by-3 Economy with Two Industries

gemstEndogenousUtilityFunction

Some General Equilibrium Models with Endogenous Utility Function

gemstEndogenousProductionFunction

An Endogenous Production Function

makePolicySupply

Make a Policy of Supply

makePolicyTechnologyChange

Make a Policy of Technology Change

gemQuasilinearPureExchange_2_2

A Pure Exchange Economy with a Quasilinear Utility Function

gemTwoCountry_RealExchangeRateIndex_7_4

Calculating Real Exchange Rate Index

gemTwoCountry_Bond_7_4

An Example of Two-Country Economy with Bond

makeCountercyclicalProductTax

Make a Countercyclical Product Tax Policy Function

marginal_utility

Marginal Utility

makePolicyIncomeTax

Make a Policy of Income Tax

matrix_add_by_name

Add Matrices by Names of Columns and Rows

Prune Nodes off a Tree by Names

Print a Tree and Its Fields

policyMarketClearingPrice

Market-Clearing-Price Policy Function

policyMeanValue

Mean Value Policy Function

Compute the Growth Rate

Some Simple 3-by-2 General Equilibrium Models

An Overlapping Generations Model with Land

gemTax_VAT_IncomeTax_5_4

A General Equilibrium Model with Value-added Tax and Income Tax

gemOLGFTwoFirms

Overlapping Generations Financial Models with Two Firms

Some Simple 2-by-2 General Equilibrium Models

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

gemstStructuralMultipleEquilibria_2_2

Structural Multiple Equilibria and Structural Transition Policy

Plot a Tree and Show the Type Attribute

apply_expand.grid

Applying a Function to All Combinations of the Supplied Vectors