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To analyze the effects of prospective policy changes, sectoral and economy-wide modelers need to begin with baseline … economy theory, a set of political econometric equations and knowledge of current World Trade Organization (WTO)-bound tariffs …
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, (iii) adequately captures behavioral and institutional characteristics of the relevant part of the economy, (iv) is …
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MONASH models are descended from Johansen's 1960 model of Norway. The first MONASH model was ORANI, used in Australia's tariff debate of the 1970s. Johansen's influence combined with institutional arrangements in their development gave MONASH models distinctive characteristics, facilitating a...
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