Integrated Macro-Micro-Modelling Under Rational Expectations : With an Application to Tariff Reform in Australia Paperback / softback
by Michael Malakellis
Part of the Contributions to Economics series
Paperback / softback
Description
This monograph is concerned with the formulation and implementation of ORANI-INT, an intertemporal Computable General Equilibrium (CGE) model of the Australian economy.
The aim is to bring together, in a balanced approach, theory and data for the purpose of developing a practical state-of-the-art tool for policy analysis.
The modelling approach adopted is motivated by the recent trend in economy-wide modelling to combine the respective strengths of traditional CGE models and modern macroeconomic models.
Traditional CGE models typically provide a dissagregate representation of the economy at a single point in time.
Such models are useful for analysing issues involving the allocation of resources among the various agents identified at a particular point in time.
Modern macroeconomic models, on the other hand, usually provide an aggregate representation of the economy over many points in time.
Such models are useful for analysing issues involving the allocation of resources across time.
A model that combines the strengths of static CGE models and modern macro-dynamic models is amenable to addressing a wide range of policy issues.
To demonstrate this point ORANI-INT is used to analyse tariff reform.
Information
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Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:280 pages, 35 Illustrations, black and white; XIV, 280 p. 35 illus.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:17/02/2000
- Category:
- ISBN:9783790812749
Other Formats
- PDF from £38.24
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:280 pages, 35 Illustrations, black and white; XIV, 280 p. 35 illus.
- Publisher:Springer-Verlag Berlin and Heidelberg GmbH & Co. K
- Publication Date:17/02/2000
- Category:
- ISBN:9783790812749
