By recursive-dynamic models we mean, multi-period CGE models in which results are computed one-period-at-a-time. In contrast, for fully intertemporal models, results are computed simultaneously for all periods.
RunDynam is a Windows interface which provides an environment specially tailored for carrying out forecasts and policy deviations with recursive dynamic models.
This software is used to solve MONASH, MMRF, Dynamic GTAP, and other recursive dynamic models.
Demonstration Versions of RunDynam and RunMONASH are now available (see below).
RunDynam allows to you to construct a base case (which may be a forecast) and policy deviations from the base case with a model which has been implemented using GEMPACK. The model is solved on a year-to-year basis (that is, recursively) over a number of years, starting from initial data. For each subsequent year, the starting data is the updated data produced by the previous simulation.
You first solve the base case, then carry out the policy deviation. You can choose any group of input data files for the model; these are the starting points for your base case. You specify closures and shocks on text files, using the syntax required in GEMPACK Command files. You can choose names for the output files from the base case and policy runs. You can choose among several methods to solve the model. You can view the results of the base case or policy deviation on the screen, or export them to other programs. RunDynam can produce graphs of selected variables over time. You can view or copy either the initial model data base or any of the updated data files produced during the base case or policy deviation.
The RunDynam software is now being made available to organisations wishing to use it to run either their own models or models supplied by others.
The cost of the RunDynam software is shown here.
For a modest additional cost, we are able to customise the windows interface for different models.
Enquiries about obtaining a licence for RunDynam, or about obtaining a customised version of RunDynam, should be addressed to Ken Pearson.
Demonstration Versions of RunDynam and RunMONASH are now available. You can download these together with example applications.