This Industry Commission staff information paper by Dr Philippa Dee, was presented at the IFAC Workshop on Computing in Economics and Finance Amsterdam, 8-10 June 1994.

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General Equilibrium Models and Policy Advice in Australia (PDF 852.6 KB)

Contents

Preliminaries
Cover, Contents, Abstract

1   The Institutional Setting
1.1   The public inquiry process
1.2   The Commission's policy guidelines
1.3   Applied general equilibrium modelling at the Commission

2   The Applied General Equilibrium Models used for Policy Analysis
2.1   Sectoral linkages and sectoral detail
2.2   Policy instruments
2.3   Macroeconomic closures

3   Policy Messages From General Equilibrium Models
3.1   Analysis of reductions in protection
3.2   Analysis of microeconomic reforms
3.3   Response to recent recession

4 Conclusion

References

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