Integrated Macro Micro Modelling Under Rational Expectations is popular PDF and ePub book, written by Michael Malakellis in 2000-02-17, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, Integrated Macro Micro Modelling Under Rational Expectations can be Read Online from any device for your convenience.
Integrated Macro Micro Modelling Under Rational Expectations Book PDF Summary
This book provides a comprehensive account of the theoretical structures, database, computation and 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.
Detail Book of Integrated Macro Micro Modelling Under Rational Expectations PDF
- Author : Michael Malakellis
- Release : 17 February 2000
- Publisher : Unknown
- ISBN : 3642576613
- Genre : Uncategoriezed
- Total Page : 296 pages
- Language : English
- PDF File Size : 17,9 Mb
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