MONASH, a detailed, dynamic CGE model of Australia,
has been used to analyse many economic policies, including changes in taxes, tariffs,
environmental regulations and competition policy. MONASH simulations also underlie
detailed forecasts of labour market demand and income distribution.
MMRF, a dynamic CGE model of Australia's states and
territories, has been used for a wide range of applications including analyses of
greenhouse issues. MMRF3 is the latest version of the model and has been used recently in
the analysis of the Potential Benefits of the National Reform Agenda.
TERM, a new highly disaggregated model of 57 Australian
sub-state regions, is a useful tool for examining the impacts of shocks that affect
specific regions, e.g., drought.
CoPS has taken its modelling techniques overseas, completing projects in South Africa,
Brazil, Taiwan, Thailand, China and other countries. USAGE, a 500
industry dynamic computable general equilibrium model of the US economy, is being
developed in collaboration with the US International Trade Commission. A simpler
single-country model called ORANI-G has been created as a
pattern on which to base models of other countries.
CoPS modelling relies on the GEMPACK software, developed at
the unit, and used in over 400 other locations in 60 countries.
CoPS runs several training courses in CGE modelling each
year. These courses are aimed at those who need background in CGE modelling to work with
results from CGE models like ORANI-G and MONASH, or who wish to use GEMPACK to
build their own models.
CoPS news
Working Paper No. G-192 Will an Appreciation of the Renminbi Rebalance the Global Economy? A Dynamic Financial CGE Analysis, by
Jingliang Xiao and Glyn Wittwer (abstract and download) is now available.
Dr Katarzyna Zawalinska, Deputy Director of the Institute of Rural and Agricultural
Development, Polish Academy of Sciences, is visitng CoPS for three months under a G8
European Fellowship. While at CoPS, Katarzyna will develop a TERM model of Poland, and
use the model to analyse the effects on Poland of the EU's Common Agricultural Policy.
The Centre of Policy Studies congratulates Professor Mark Horridge on his appointment
to the GTAP Advisory Board GTAP page.