Książka Integrated Macro-Micro-Modelling Under Rational Expectations Michael Malakellis

Integrated Macro-Micro-Modelling Under Rational Expectations

With an Application to Tariff Reform in Australia

Język: Angielski
Oprawa: Miękka
Dostępność: Dostępna u dostawcy
Wysyłamy za 5-8 dni
212.42
This book provides a comprehensive account of the theoretical structures, database, computation and...

Informacje o książce

Język
Angielski
Oprawa
Książka - Miękka
Data wydania
2000
strony
280
EAN
9783790812749
ISBN
3790812749
Enbook ID
01737758
Waga
456
Wymiary
155 x 235 x 17

Pełny opis

This book provides a comprehensive account of the theoretical structures, database, computation and application of ORANI-INT. ORANI-INT is a multi-period elaboration of ORANI, a well-known computable general equilibrium model of the Australian economy.The implications of assuming that expectations are model consistent are contrasted with those of the alternative assumption that expectations are static. A generic algorithm for solving a wide range of economic models is described in detail. The algorithm is portable because it is implemented in GEMPACK, a commercially available software package. The major application reported in the book addresses the issue whether tariff reform policies should be announced ahead of their implementation. Many of the multisectoral models used throughout the world are static. The methodology presented in the book demonstrates that such models can be easily embedded into an intertemporal framework.

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