Dynamic General Equilibrium Modelling for Forecasting and Policy

A Practical Guide and Documentation of MONASH

By: Peter B. Dixon (Editor), Maureen T. Rimmer (Editor)

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Hardcover | 4 November 2002

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The "Contributions to Economic Analysis" series consists of a number of previously unpublished studies. The term economic analysis is used because it covers the activities of the theoretical economist and the research worker.

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Preface
Aims , Background, Innovations and Presentation
Introduction
Background and Innovations
Presentation, Computer Code, Reading Strategy and Themes
An Illustrative Application of MONASH: the Australian Motor Vehicle Industry from 1987 to 2016
Introduction
Historical and Decomposition Simulations: The Australian Motor Vehicle Industry from 1987 to 1994
Forecast Simulation: Prospects for the Australian Motor Vehicle Industry, 1998 to 2016
A Policy Simulation: The Effects of Reductions in the Tariff on Motor Vehicles. Policy Implications and Concluding Remarks
Appendix: The Derivation of the Formulas for Analysing the Difference Between GDP Paths in Alternative Simulations
Mathematical Structure, Solution Algorithm and Computer Implementation: An Overview
Introduction
Overview of the Mathematical Structure of MONASH and Introduction to the Johansen/Euler Solution Method
The Input-Output Database and the Initial Solution
Evaluation of the Coefficients in Linear Systems such as (11.2) and (11.12)
Overview of the GEMPACK Computations for the MONASH Model
The Theory of the MONASH Model
Introduction
A Schematic Version of the MONASH Model
Results of Optimizing Decisions
Demands for Exports
Indirect Taxes
Definitions of Macro Variable: Interpretation of Divisia Indexes
Capital-Supply Functions, Rates of Return and Forward-Looking Expectations
Computational Strategy for Decomposition Simulations: Halfway Databases
Equations for Facilitating Historical and Forecast Simulations
Wage Adjustment and Welfare Measures in Policy Simulations
The Public-Sector Account, the Current Account and the Household Account
Appendix: CRESH Production Functions and CRETH Transformation Frontiers
Appendix: The Theory Underlying the Demand Equations for Traditional Exports
Appendix: The Levels representation of Price and Quantity Indexes in MONASH
Developing the MONASH Closures
Introduction
The Decomposition closure (Third Column of Table 30.1)
Developing the Historical Closure (Fourth Column of Table 30.1)
Developing the Forecast Closure (Second Column of Table 30.1)
Developing the Policy Closure (First Column of Table 30.1)
MONASH Closures: Concluding Remarks
Extensions , Progress and the Future
Introduction
Generating Results for Sub-National Regions
Generating Results for Detailed Occupations
Generating Output Results at a Sub-Input-Output Level
Generating Distributional Results: The Real Incomes of Many Types of Households
Quantifying Labour Market Adjustment Costs
Progress and the Future
References
Author Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

Dynamic General Equilibrium Modelling for Forecasting and Policy

A Practical Guide and Documentation of MONASH

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

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