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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...
Persistent link: https://www.econbiz.de/10014025289
simulation, baseline forecasting and the testing of baselines against reality. This work demonstrates that CGE models can produce …
Persistent link: https://www.econbiz.de/10014025272
economic theory and presents some applications. The chapter is structured according to the nature of the computable general …
Persistent link: https://www.econbiz.de/10014025270
We examine the use of dynamic overlapping generations (OLG) computable general equilibrium (CGE) models to analyze the economic effects of tax reforms, using as a paradigm our DiamondZodrow (DZ) model. Such models are especially well-suited to analyzing both the short-run transitional and the...
Persistent link: https://www.econbiz.de/10014025280
Computable general equilibrium (CGE) modeling is an attempt to use general equilibrium theory as a tool for analysis of … widespread use of CGE modeling probably is that a CGE model is an ideal bridge between economic theory and applied policy … research. The “bridge” perspective, however, suggests that CGE modeling is a way of using rather than testing economic theory …
Persistent link: https://www.econbiz.de/10014023908
We describe the progress of computable general equilibrium (CGE) modeling software since the 1980s and contrast the main systems used today: GAMS, MPSGE and GEMPACK. The development of these general-purpose modeling systems has underpinned rapid growth in the use of CGE models, and allowed...
Persistent link: https://www.econbiz.de/10014025271
This study analyses the economic effects of the EU's ‘Fit for 55’ climate mitigation policies using the OECD ENV-Linkage model, a dynamic, global Computable General Equilibrium model. The model projects macroeconomic, sectoral, energy and emission trends for the EU, and for the five largest...
Persistent link: https://www.econbiz.de/10014491355
Persistent link: https://www.econbiz.de/10011639951
computer implementation : an overview / Maureen T. Rimmer -- The theory of the MONASH model / Maureen T. Rimmer -- Developing …
Persistent link: https://www.econbiz.de/10009633078
Top scholars synthesize and analyze scholarship on this widely used tool of policy analysis in 27 articles, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top U.S. graduate schools, it is employed universally in...
Persistent link: https://www.econbiz.de/10012254754