Economic modelling for Australia and the USA: forecasts, policy analysis and comparative studies of technology and labour market adjustment

该项目涉及：对广泛使用的澳大利亚经济详细动态模型MONASH进行根本性改革；为美国创建了MONASH-USA；以及几个基于模型的澳大利亚/美国比较。MONASH的数据库和参数将得到更新，其理论规范将得到改进。MONASH-USA将是对现有美国模式的改进，并将产生美国和澳大利亚都感兴趣的政策结果。莫纳什-美国将有一个优秀的数据库，并可能产生对参数估计的见解。这些将适用于澳大利亚。莫纳什大学和莫纳什-美国将共同促进技术和劳动力市场表现的比较研究。

This project involves: a fundamental overhaul of MONASH, a widely used detailed dynamic model of the Australian economy; the creation of MONASH-USA for the United States; and several model-based Australia/US comparisons. MONASH's database and parameters will be updated, and its theoretical specification improved. MONASH-USA will be an advance over existing US models and will generate policy results of interest both in the United States and Australia. MONASH-USA will have an excellent database and is likely to produce insights on parameter estimation. These will be applicable in Australia. Together, MONASH and MONASH-USA will facilitate comparative studies of technology and labour-market performance.