Traditional CGE modeling assumes that money is a veil. Monetary and financial elements are therefore neglected. This classical assumption might have been valid for the 19th century economies. It is no more the case, as shown by the recent economic and financial turmoil.

This advanced course will introduce all the tools for constructing and implementing financial general equilibrium models for policy analysis. By the end of the course the participants will have acquired detailed knowledge of and extensive hands-on experience in building the real and financial database for such models, implementing the model in GAMS, formulating scenarios and running policy simulations.