Policy Analysis with the MSG2 Model
This paper uses a dynamic intertemporal macroeconomic model of the world economy to examine the macroeconomic consequences for a small economy, such as Australia, of shocks in the world economy. The model, called the MSG2 (McKibbin-Sachs Global) model, is based on the assumption that agents maximise objective functions subject to intertemporal budget constraints. Allowance is also made for the existence of various rigidities in labour markets and imperfections in the ability of agents to borrow and lend. The model is parameterized based on techniques from computable general equilibrium models and standard macroeconomic models. It is used to examine the impact on Australia of fiscal and monetary policies in the U.S. and Japan as well as the transmission of policy changes within the Australian economy.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 27 (1988)
Issue (Month): 0 (Supplement, June)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0004-900X|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0004-900X|