GEMPACK (General Equilibrium Modelling PACKage) is a suite of economic modelling software designed for building and solving applied general equilibrium models. It can handle a wide range of economic behaviour and contains powerful capabilities for solving intertemporal models. GEMPACK calculates accurate solutions of an economic model, starting from an algebraic representation of the model equations. These equations can be written as levels equations, linearized equations or a mixture of these two.
The software includes a range of utility programs for handling the economic data base and the results of simulations, and is fully documented with plenty of examples.
GEMPACK provides
1. a simple language in which to describe and document the equations of your economic model;
2. a program which converts the equations of your model to a form ready for running simulations;
3. options for varying the choice of endogenous, exogenous and shocked variables;
4. powerful tools to help you understand or analyze simulation results;
5. utility programs to assist in managing model databases. The data can be inspected, modified, or converted to other formats, such as spreadsheets;
6. programs to generate reports from simulation results or from inital data.