Integrated Macro-Micro-Modelling Under Rational Expectations
By:"Michael Malakellis"
Published on 2000-02-17 by Springer Science & Business Media
This book provides a comprehensive account of the theoretical structures, database, computation & application of ORANI-INT. ORANI-INT is a multi-period elaboration of ORANI, a well-known computable general equilibrium model of the Australian economy. The implications of assuming that expectations are model consistent are contrasted with those of the alternative assumption that expectations are static. A generic algorithm for solving a wide range of economic models is described in detail. The algorithm is portable because it is implemented in GEMPACK, a commercially available software package. The major application reported in the book addresses the issue whether tariff reform policies should be announced ahead of their implementation. Many of the multisectoral models used throughout the world are static. The methodology presented in the book demonstrates that such models can be easily embedded into an intertemporal framework.
This Book was ranked 34 by Google Books for keyword macro.
