Economist.comSURVEYS The price of profligacy Sep 18th 2003 From The Economist print edition How bad is America's borrowing binge? \I JUST think it's a meaningless concept\That was the verdict of Paul O'Neill, George Bush's plain-spoken first Treasury secretary on the current-account deficit. Mr O'Neill reckoned it was silly to worry about external imbalances in a global economy where capital flows
1. Input-output economics, the foundation of CGE & GSC (a) the input-output table (b) national accounts (c) the one-country input-output model (d) the Leontief paradox (e) effective rates of protection (e) the multi-regional or multi-national I-O model - starting point for CSC analysis 2. CGE modelling (a) Johansen’s model of Norway (b) Johansen’s solution matrix versus Leontief’s inverse (c) trade in a CGE model, Armington to Melitz 3. Applying existing CGE models to supply chain issues (a) Walmsley & Minor on reversing NAFTA (b) Dixon, Rimmer and Waschik on Buy-America(n) 4. Towards a CGE model with supply chain features: designs, components, assembly and sales 5. Concluding remarks
Handout 6: Proportional Compensation Eric Feron Feb25,2004 Plant under study: 1/10 G(s)=(s+1)(s/10+1)2 Compensation Scheme: We adjust the gain K in the feedback loop (draw the feedback loop below)