Macro-economy - TIAM-UCL: Difference between revisions
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The Macroeconomy is represented by linking TIAM-UCL with MSA to allow consideration of the rest of the economy beyond energy i.e. general not partial equilibrium, and endogenises demand changes. | |||
Revision as of 12:01, 14 October 2016
| Corresponding documentation | |
|---|---|
| Previous versions | |
| Model information | |
| Model link | |
| Institution | University College London (UCL), UK, https://www.ucl.ac.uk. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | Linear optimisation |
| Anticipation | Perfect Foresight
(Stochastic and myopic runs are also possible) |
The Macroeconomy is represented by linking TIAM-UCL with MSA to allow consideration of the rest of the economy beyond energy i.e. general not partial equilibrium, and endogenises demand changes.