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The MONASH Style of Computable General Equilibrium Modeling: A Framework for Practical Policy Analysis

In: Handbook of Computable General Equilibrium Modeling

Author

Listed:
  • Dixon, Peter B.
  • Koopman, Robert B.
  • Rimmer, Maureen T.

Abstract

MONASH models are descended from Johansen's 1960 model of Norway. The first MONASH model was ORANI, used in Australia's tariff debate of the 1970s. Johansen's influence combined with institutional arrangements in their development gave MONASH models distinctive characteristics, facilitating a broad range of policy-relevant applications. MONASH models currently operate in numerous countries to provide insights on a variety of questions including:the effects on:macro, industry, regional, labor market, distributional and environmental variablesof changes in:taxes, public consumption, environmental policies, technologies, commodity prices, interest rates, wage-setting arrangements, infrastructure and major-project expenditures, and known levels and exploitability of mineral deposits (the Dutch disease).

Suggested Citation

  • Dixon, Peter B. & Koopman, Robert B. & Rimmer, Maureen T., 2013. "The MONASH Style of Computable General Equilibrium Modeling: A Framework for Practical Policy Analysis," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 23-103, Elsevier.
    • Handle: RePEc:eee:hacchp:v:1:y:2013:i:c:p:23-103
    DOI: 10.1016/B978-0-444-59568-3.00002-X
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    More about this item

    Keywords

    MONASH computable general equilibrium models; flexible closures; computable general equilibrium forecasting; policy-oriented modeling; telling a computable general equilibrium story; Johansen's computable general equilibrium influence;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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