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Integrated Macro-Micro-Modelling Under Rational Expectations

With an Application to Tariff Reform in Australia

  • Michael Malakellis

Part of the Contributions to Economics book series (CE)

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Michael Malakellis
    Pages 1-20
  3. Michael Malakellis
    Pages 21-26
  4. Michael Malakellis
    Pages 27-123
  5. Michael Malakellis
    Pages 124-148
  6. Michael Malakellis
    Pages 149-181
  7. Michael Malakellis
    Pages 221-253
  8. Michael Malakellis
    Pages 254-260
  9. Back Matter
    Pages 261-281

About this book

Introduction

This monograph is concerned with the formulation and implementation of ORANI-INT, an intertemporal Computable General Equilibrium (CGE) model of the Australian economy. The aim is to bring together, in a balanced approach, theory and data for the purpose of developing a practical state-of-the-art tool for policy analysis. The modelling approach adopted is motivated by the recent trend in economy-wide modelling to combine the respective strengths of traditional CGE models and modern macroeconomic models. Traditional CGE models typically provide a dissagregate representation of the economy at a single point in time. Such models are useful for analysing issues involving the allocation of resources among the various agents identified at a particular point in time. Modern macroeconomic models, on the other hand, usually provide an aggregate representation of the economy over many points in time. Such models are useful for analysing issues involving the allocation of resources across time. A model that combines the strengths of static CGE models and modern macro-dynamic models is amenable to addressing a wide range of policy issues. To demonstrate this point ORANI-INT is used to analyse tariff reform.

Keywords

Australia Australien Macroeconomic Modelling Makroökonomische Modellierung Microeconomic Modelling Mikroökonomische Modellierung Rational Expectations Rationale Erwartungen algorithms database equilibrium general equilibrium modeling simulation strategy

Authors and affiliations

  • Michael Malakellis
    • 1
  1. 1.Tactical Global ManagementLevel 10 Waterfront PlaceBrisbaneAustralia

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-57660-7
  • Copyright Information Physica-Verlag Heidelberg 2000
  • Publisher Name Physica, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-7908-1274-9
  • Online ISBN 978-3-642-57660-7
  • Series Print ISSN 1431-1933
  • Buy this book on publisher's site