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http://hdl.handle.net/10419/28605
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| Title: | | The ZEW combined microsimulation-CGE model: innovative tool for applied policy analysis  |
| Authors: | | Clauss, Markus Schubert, Stefanie |
| Issue Date: | | 2009 |
| Series/Report no.: | | ZEW Discussion Papers 09-062 |
| Abstract: | | This contribution describes the linkage of microsimulation models and computable general equilibrium (CGE) models using two already established models called “STSM” and “PACE-L” used by the Centre for European Economic Research. This state of the art research method for applied policy analysis combines the advantages of both model types: On the one hand, microsimulation models allow for detailed labor supply and distributional effects due to policy measures, as individual household data is used. On the other hand, by using a general equilibrium framework, labour market responses, such as wage and labour demand reactions are taken into account. |
| Subjects: | | microsimulation applied CGE analysis linked micro-macro models |
| JEL: | | C68 C81 D58 J22 J23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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