MONASH, a dynamic model of Australia, distinguishes up to 140 industries, 56 regions and 340 occupations. The model is used to analyse the likely effects of changes in economic policy, especially changes in taxes, tariffs, environmental regulations and competition policy. MONASH is also used to produce labour market and Income distribution forecasts.
MONASH is a development of the ORANI model which was also built by members of the unit. Since the late 1970s, ORANI has been used by the Commonwealth Government, especially the Industry Commission. As a contribution to economic methodology, ORANI has achieved considerable recognition.
MMRF-Green is a dynamic model of Australia's six states and two territories. It models each region as an economy in its own right, with region-specific prices, region-specific consumers, region-specific industries, and so on. Since MMRF-Green is dynamic, it is able to produce sequences of annual solutions connected by dynamic relationships. The model also includes enhanced capabilities for environmental analysis, and a regional disaggregation facility that allows results for the six states to be disaggregated down to 56 sub-state regions. MMRF-Green is ideally suited to determining the impact of region-specific economic shocks, and has been used to address a wide range of issues, including the economic impacts of various large export-oriented projects, the effects of global trading in greenhouse emission permits, and the effects of changes in state and federal tax rates.
TERM is another multi-regional model of Australia, similar to MMRF (the two models are based on the same data). TERM allows up to 57 regions to be modelled in a "bottoms-up" manner.
ORANI-G is a generic single-country model which has been adapted for many countries outside Australia. CRUSOE is a simplified version of ORANI-G, designed for use with a freely downloadable set of national databases covering most regions of the world.
USAGE is a 500 industry dynamic computable general equilibrium model of the US economy being developed at the Centre of Policy Studies in collaboration with the US International Trade Commission.
Mini-USAGE is a miniature version of USAGE. Our aim in creating Mini-USAGE is to reduce barriers to entry into the world of MONASH-style dynamic general equilibrium modelling. By providing Mini-USAGE, we hope to give modellers a tool for understanding the theory, construction and computing of MONASH-style models and for interpreting results. For this purpose, Mini-USAGE is unencumbered by detail.
MINIMAL is a still simpler model, designed mainly for teaching purposes. There is a downloadable course built around it.