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Dynamic general and equilibrium modelling for forecasting and policy
: a practical guide and documentation of Monash By Peter B. Dixon and Maureen T. Rimmer Published by Elsevier (2004) |
Book description
This book describes MONASH, a dynamic computable general
equilibrium (CGE) model of the Australian economy. In standard applications,
MONASH is run with about 100 industries. Via a suite of add-on programs,
results can be generated for 57 sub-national regions, 340 occupations and
numerous types of households.
Our aim in building MONASH was to make a practical contribution to economic
decision-making in Australia. In trying to achieve this objective, we have
produced a model with several innovations which will be of interest to economists
even if they have no particular concern for Australian problems. These innovations
are largely associated with closures. With different closures MONASH produces:
estimates of changes in technologies and consumer preferences (historical closure);
explanations of historical developments such as the rapid growth since the
mid-1980s in Australia's international trade (decomposition closure); forecasts
for industries, regions, occupations and households (forecast closure); and
projections of the deviations from forecast paths that would be caused by the
implementation of proposed policies and by other shocks to the economic environment
(policy closure).
About the Authors
Peter Dixon is Director and Professor in the Centre of Policy Studies at Monash
University. He was elected a Fellow of the Academy of Social Sciences
in 1982 and is one of only 10 economists working in Australia included in Who's
Who in Economics, A Biographical Dictionary of Major Economists, 1700-1986.
Maureen Rimmer is a senior research fellow in the Centre of Policy Studies
at Monash University.
Borrow it: Monash University Library members can borrow this book. View the catalogue record for details.
Buy it: This book can be purchased online from amazon.com
Other publications
by Monash staff 
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