From an Elaborated Financial Social Accounting Matrix (FSAM) to a full Computable General Equilibrium (CGE) Model for Germany

Inhaltsverzeichnis (Table of Contents)

• 1. Introduction
• 2. Building the FSAM
• 2.1 Classification
• 2.2 Goods & Services
• 2.3 Production
• 2.4 Income Generation
• 2.5 Allocation of Primary Income
• 2.6 Secondary Distribution of Income
• 2.7 Use of Disposable Income
• 2.8 Capital Account and Gross fixed Capital Formation
• 2.9 Financial Flows and Rest of the World
• 3. Working with Real Data and Assumptions
• 4. An Alternative FSAM Presentation
• 5. A Computable General Equilibrium Model Application
• 5.1 Statement of Problem
• 5.2 Macroeconomic Assumptions
• 5.2.1 Sectors' Behavior
• 5.2.2 Institutions' Behavior
• 5.2.3 Definition of Equilibrium
• 5.3 Model Calibration
• 5.4 Original Equilibrium
• 5.5 Economic Experiment and New Equilibrium
• 5.6 Comparison of Equilibria
• 6. Résumé and Conclusions

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This document serves as a guide to developing a Financial Social Accounting Matrix (FSAM) and a Computable General Equilibrium (CGE) model, using the German economy in 2009 as a reference point. The objective is to provide a comprehensive and practical framework for understanding and analyzing economic systems using these powerful modeling tools. The key themes explored in the text include:

• The construction and application of a Financial Social Accounting Matrix (FSAM)
• The development and implementation of a Computable General Equilibrium (CGE) model
• The analysis of macroeconomic assumptions and their impact on economic equilibrium
• The use of real data and assumptions in economic modeling
• The comparison of different economic scenarios and their implications

Zusammenfassung der Kapitel (Chapter Summaries)

• Chapter 1 provides an introduction to the project, outlining its purpose, scope, and relevance.
• Chapter 2 delves into the construction of the FSAM, covering its classification, goods and services, production, income generation, allocation of primary income, secondary distribution of income, use of disposable income, capital account, and financial flows.
• Chapter 3 focuses on the practical aspects of working with real data and assumptions in the context of the FSAM.
• Chapter 4 presents an alternative approach to the FSAM, offering a different perspective on the data and its organization.
• Chapter 5 explores the application of a CGE model, outlining its statement of problem, macroeconomic assumptions, model calibration, original equilibrium, economic experiment, and comparison of equilibria.

Schlüsselwörter (Keywords)

The core concepts and focus areas of this work revolve around the fields of economic modeling, social accounting, and macroeconomic analysis. Key terms include Financial Social Accounting Matrix (FSAM), Computable General Equilibrium (CGE) model, economic equilibrium, macroeconomic assumptions, real data, and sectoral behavior. The project utilizes these tools and concepts to analyze the German economy in 2009, providing insights into its structure, dynamics, and potential for policy interventions.