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

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).