By simulating a model of the optimal level of saving in a small open economy, this paper calculates the levels of optimal national saving for Australia for the period from 1997 to 2051. The calculations focus on the implications of making allowance for the ageing structure of the population. The...

This paper describes a dynamic microsimulation model of cohort earnings developed to consider redistribution during the working-lifetime in Australia. Microsimulation models were first used for economic analysis by Orcutt (1957), and are now commonly employed to undertake policy analyses in many...

Research Resource: This project continues in its aims to create networks which reach a wide audience of researchers using qualitative data sources. The project is co-directed by Nigel Fielding, University of Surrey and Ray Lee, Royal Holloway,University of London; Ann Lewins is the project...

In this paper we evaluate and compare long-run economic effects of six road-pricing schemes aimed at internalizing social costs of transportation. In order to conduct this analysis, we employ a spatially disaggregated general equilibrium model of a regional economy that incorporates decisions of...

This paper deals with the question of the optimal capital structure for a banking firm. It considers a competitive bank as an insurer of unpredictable liquidity demanded by depositors in the sense described by Diamond and Dybvig. The model developed in this paper is able to explain the stylized...