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Traditionally, CGE models do not include equations modelling the financial sector of a country. Interest rates are therefore set exogenously and often the nominal exchange rate is set as the numeraire. Normally, these models would show that tighter monetary policy (i.e. increase in interest...
Persistent link: https://www.econbiz.de/10010764274
CHINAGEM is a MONASH-style dynamic Computable General Equilibrium model of China. This document provides an overview of CHINAGEM database and equation structure. We aim to provide CHINAGEM users with a practical guide. This document has five sections. Section 1 is the introduction. In Section 2...
Persistent link: https://www.econbiz.de/10010737001
TERM-H2O, a dynamic, multi-regional model has become a useful tool for analysing water policy issues in the Murray-Darling basin. Available data indicate that farm factor mobility has been an important avenue of adjustment to sharply reduced water availability during drought. The regional...
Persistent link: https://www.econbiz.de/10009318034