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Title:GEM-PIA: A real-financial general equilibrium model for poverty impact analysis technical description PDF Logo
Authors:Wiebelt, Manfred
Issue Date:2004
Series/Report no.:Kieler Arbeitspapiere 1230
Abstract:This paper provides a technical description of GEM-PIA, a recursive-dynamic computable General Equilibrium Model for Poverty Impact Analysis in individual countries. The model combines the optimizing behavior of CGE models with the asset portfolio behavior of macromodels, thereby addressing the role of financial markets. Moreover, the model is linked to household survey information, thereby capturing the socio-economic characteristics of individual households. GEM-PIA can be used for counterfactual analysis of external shocks as well as various policies at the macro and meso level, and to assess their allocational and distributional consequences. The model is calibrated to Bolivian data and its working is illustrated in two scenarios: A permanent rise of gas exports and a temporary devaluation.
Subjects:Computable General Equilibrium Model
Portfolio Choice
Income Distribution
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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