A Few Simple Examples of Dynamic Calibration in MPSGE

Edward J. Balistreri

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The following are examples of methods for calibrating a set of social accounts to a dynamic general equilibrium. All of the models are based on the Ramsey model of capital accumulation driven by labor growth. The social accounts are assumed to reveal a snap-shot of the dynamic equilibrium. Click here for an OVERVIEW.

dyn1 No assumption is made about the equilibrium interest rate
dyn2 Adjust Investment to meet the assumed interest rate
dyn3 Adjust capital's value share to meet the assumed interest rate
dyn4 Multi-Sector Ramsey Model
dyn5 Meeting Sector-Specific Growth Projections (non-balanced growth)

More help can be found at the MPSGE home page or the GAMS home page