In his recent book "Dog Days", Garnaut (2013) argues that the Australian economy faces significant economic challenges, with a risk that just as the investment phase of the mining boom ends, Australia will be entering an economic environment characterised by declining terms of trade, a rising...

The Global Financial Crisis (GFC) has rekindled debate about the desirability of governmental interference in asset markets - either through the operation of policy levers, or, through the chosen institutional setup. In this paper we quantify economic costs due to mispricing of real assets in...

The USAGE model for the United States is used to quantify economic costs due to stock mispricing, made operational by shocking Tobin's q. The simulations quantify a potentially large impact even in the most favorable environment, where export demand holds up, and, the dollar is pro cyclical. A...

We analyse changes in the Australian gas industry during 1990s that were driven by the Hilmer Reforms. We estimate the direct and indirect effects on household income of these gas industry changes by combining a computable general equilibrium model with a microsimulation model in a two-stage...

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...

This paper examines methods aimed at improving baseline economic forecasts using a dynamic CGE model. Forecasting can be used to test the validity of such models, as well as to highlight possible improvements, by investigating the discrepancies between the forecast and actual outcomes. The model...

In this paper we analyze the Indirect Land Use Change (ILUC) effects of ethanol production expansion in Brazil through the use of an inter-regional, bottom-up, dynamic general equilibrium model calibrated with the 2005 Brazilian I-O table. A new methodology to deal with ILUC effects is...

We forecast detailed trends for employment by industry, occupation and qualification in Vietnam for the period 2010 - 2020. The forecast is conducted using VNET - a large-scaled computable general equilibrium (CGE) model of the Vietnamese economy. Inputs into the forecast include independent...

ORANI is a detailed general equilibrium model of the Australian economy. It has been applied many times by economists in universities, government departments and business in analyses of the effects on industries, occupational groups and regions of changes in policy variables (e.g., taxes and...

We analyse the global economic effects of two influenza pandemics that represent extremes along the virulence-infectiousness continuum of possible pandemics: a high virulence-low infectiousness event and a low virulence-high infectiousness event. We do this by applying results from a...