Dynamic general equilibrium modelling for forecasting and policy : a practical guide and documentation of MONASH /
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| Author / Creator: | Dixon, Peter B. |
|---|---|
| Edition: | 1st ed. |
| Imprint: | Amsterdam ; Boston : North-Holland/Elsevier, 2002. |
| Description: | xiv, 338 p. : ill. ; 24 cm. |
| Language: | English |
| Series: | Contributions to economic analysis, 1573-8555 ; 256 |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/4770361 |
Table of Contents:
- Preface
- Chapter 1. Aims , Background, Innovations and Presentation
- Introduction
- Background and Innovations
- Presentation, Computer Code, Reading Strategy and Themes
- Chapter 2. An Illustrative Application of MONASH: the Australian Motor Vehicle Industry from 1987 to 2016
- Introduction
- Historical and Decomposition Simulations: The Australian Motor Vehicle Industry from 1987 to 1994
- Forecast Simulation: Prospects for the Australian Motor Vehicle Industry, 1998 to 2016
- A Policy Simulation: The Effects of Reductions in the Tariff on Motor Vehicles. Policy Implications and Concluding Remarks
- Appendix: The Derivation of the Formulas for Analysing the Difference Between GDP Paths in Alternative Simulations
- Chapter 3. Mathematical Structure, Solution Algorithm and Computer Implementation: An Overview
- Introduction
- Overview of the Mathematical Structure of MONASH and Introduction to the Johansen/Euler Solution Method
- The Input-Output Database and the Initial Solution
- Evaluation of the Coefficients in Linear Systems such as (11.2) and (11.12)
- Overview of the GEMPACK Computations for the MONASH Model
- Chapter 4. The Theory of the MONASH Model
- Introduction
- A Schematic Version of the MONASH Model
- Results of Optimizing Decisions
- Demands for Exports
- Indirect Taxes
- Definitions of Macro Variable: Interpretation of Divisia Indexes
- Capital-Supply Functions, Rates of Return and Forward-Looking Expectations
- Computational Strategy for Decomposition Simulations: Halfway Databases
- Equations for Facilitating Historical and Forecast Simulations
- Wage Adjustment and Welfare Measures in Policy Simulations
- The Public-Sector Account, the Current Account and the Household Account
- Appendix: CRESH Production Functions and CRETH Transformation Frontiers
- Appendix: The Theory Underlying the Demand Equations for Traditional Exports
- Appendix: The Levels representation of Price and Quantity Indexes in MONASH
- Chapter 5. Developing the MONASH Closures
- Introduction
- The Decomposition closure (Third Column of Table 30.1)
- Developing the Historical Closure (Fourth Column of Table 30.1)
- Developing the Forecast Closure (Second Column of Table 30.1)
- Developing the Policy Closure (First Column of Table 30.1)
- MONASH Closures: Concluding Remarks
- Chapter 6. Extensions , Progress and the Future
- Introduction
- Generating Results for Sub-National Regions
- Generating Results for Detailed Occupations
- Generating Output Results at a Sub-Input-Output Level
- Generating Distributional Results: The Real Incomes of Many Types of Households
- Quantifying Labour Market Adjustment Costs
- Progress and the Future
- References
- Author Index
- Subject Index