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Integrated Macro-Micro-Modelling Under Rational Expectations

With an Application to Tariff Reform in Australia

  • Book
  • © 2000

Overview

Authors:
  1. Michael Malakellis

    1. Tactical Global Management, Level 10 Waterfront Place, Brisbane, Australia

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Part of the book series: Contributions to Economics (CE)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xiv
    Download chapter PDF

  2. Introduction: Scope and Purpose

    • Michael Malakellis
    Pages 1-20

  3. An Overview of ORANI-INT

    • Michael Malakellis
    Pages 21-26

  4. The Theoretical Structure of ORANI-INT

    • Michael Malakellis
    Pages 27-123

  5. Solution Method

    • Michael Malakellis
    Pages 124-148

  6. Generating the Control Path Solution

    • Michael Malakellis
    Pages 149-181

  7. ORANI-INT’s Simulation Properties With and Without Forward-looking Behaviour

    • Michael Malakellis
    Pages 182-220

  8. Should Tariff Reductions be Announced?

    • Michael Malakellis
    Pages 221-253

  9. Summary and Conclusions

    • Michael Malakellis
    Pages 254-260

  10. Back Matter

    Pages 261-281
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Keywords

About this book

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.

Authors and Affiliations

  • Tactical Global Management, Level 10 Waterfront Place, Brisbane, Australia

    Michael Malakellis

Bibliographic Information

  • Book Title: Integrated Macro-Micro-Modelling Under Rational Expectations

  • Book Subtitle: With an Application to Tariff Reform in Australia

  • Authors: Michael Malakellis

  • Series Title: Contributions to Economics

  • DOI: https://doi.org/10.1007/978-3-642-57660-7

  • Publisher: Physica Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2000

  • Softcover ISBN: 978-3-7908-1274-9Published: 17 February 2000

  • eBook ISBN: 978-3-642-57660-7Published: 06 December 2012

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: XIV, 280

  • Number of Illustrations: 35 b/w illustrations

  • Topics: Microeconomics, Macroeconomics/Monetary Economics//Financial Economics

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