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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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