Contributions to Economics

Integrated Macro-Micro-Modelling Under Rational Expectations

With an Application to Tariff Reform in Australia

Authors: Malakellis, Michael

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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.

Table of contents (8 chapters)

Table of contents (8 chapters)

Buy this book

eBook 74,89 €
price for Spain (gross)
  • ISBN 978-3-642-57660-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover 93,59 €
price for Spain (gross)
  • ISBN 978-3-7908-1274-9
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Integrated Macro-Micro-Modelling Under Rational Expectations
Book Subtitle
With an Application to Tariff Reform in Australia
Authors
Series Title
Contributions to Economics
Copyright
2000
Publisher
Physica-Verlag Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-57660-7
DOI
10.1007/978-3-642-57660-7
Softcover ISBN
978-3-7908-1274-9
Series ISSN
1431-1933
Edition Number
1
Number of Pages
XIV, 280
Number of Illustrations
35 b/w illustrations
Topics