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  1. Modelling industry specific policy with TIM
    Treasury's multi-sector dynamic general equilibrium model of the Australian economy
    Author: Carlton, Freya; Gustafsson, Linus; Hinson, Melissa; Jaensch, Jack; Kouparitsas, Michael A.; Peat, Niall; Quach, Ken; Wende, Sebastian; Womack, Phillip
    Published: August 2023
    Publisher:  The Treasury, Canberra

    The Australian economy is constantly affected by technological, demand and policy shocks from home and abroad. The opportunities and challenges presented by these shocks create demand for government advice on the likely effects on households, firms... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 679
    Inter-library loan:
    No inter-library loan

     

    The Australian economy is constantly affected by technological, demand and policy shocks from home and abroad. The opportunities and challenges presented by these shocks create demand for government advice on the likely effects on households, firms and the Australian economy, and in turn appropriate policy responses. Treasury has developed a multisector dynamic generally equilibrium model to meet this need - the Treasury Industry Model (TIM). As a general equilibrium model, TIM captures the economy's interconnectedness and rich industry detail, enabling the net effects of policy or other exogenous changes to the economy to be assessed. TIM extends previous Australian models by incorporating forward-looking agents that are able to respond rationally to policy and technological changes, a well-defined balanced growth path defined endogenously, and a model-consistent welfare measure. These features, combined with TIM's significant production and industry detail, position the model well for informing advice on a range of industry- and trade-related policy questions.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781925832839
    Other identifier:
    hdl: 10419/280823
    Series: Treasury working paper / Australian Government, The Treasury ; 2023, 03
    Subjects: many sector modelling; CGE modelling; industry policy analysis; general equilibrium
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  2. Modelling fiscal policy with OLGA Treasury's OverLapping Generations model of the Australian economy
    Author: Cai, Yiyong; Gustafsson, Linus; Kouparitsas, Michael A.; Smith, Jazmine; Zhang, Rachel
    Published: August 2023
    Publisher:  The Treasury, Canberra

    To meet the needs of a broad set of internal and external stakeholders now and into the future the Australian Treasury maintains a significant macroeconomic modelling capability. Treasury's current inhouse capability is similar to that of the US... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 679
    Inter-library loan:
    No inter-library loan

     

    To meet the needs of a broad set of internal and external stakeholders now and into the future the Australian Treasury maintains a significant macroeconomic modelling capability. Treasury's current inhouse capability is similar to that of the US Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT). These agencies have a suite of macroeconomic models to quantify the general equilibrium effects of policy on economic activity, household welfare and public finances. In this paper we introduce one of the models in that suite, Treasury's overlapping generations model of the Australian economy (hereafter OLGA). OLGA has been developed by economists in Treasury's Macroeconomic Analysis and Policy Division to support Treasury's counterfactual fiscal policy analysis. OLGA is a small open economy variant of the well-known lifecycle model developed by Auerbach and Kotlikoff (1987). It has been calibrated to Australian data and policy settings.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781925832822
    Other identifier:
    hdl: 10419/280824
    Series: Treasury working paper / Australian Government, The Treasury ; 2023, 02
    Subjects: lifecycle model; overlapping generations; heterogeneous households; general equilibrium; taxation; fiscal policy
    Scope: 1 Online-Ressource (circa 91 Seiten), Illustrationen
  3. Jobs or hours?
    cyclical labour market adjustment in Australia
    Author: Bishop, James; Gustafsson, Linus; Plumb, Michael H.
    Published: September 2016
    Publisher:  Reserve Bank of Australia, [Sydney]

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    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 782
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Research discussion paper / Reserve Bank of Australia ; RDP 2016, 06
    Subjects: average hours worked; labour demand; economic downturns
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  4. Australian labour force participation: historical trends and future prospects
    Author: Gustafsson, Linus
    Published: April 2021
    Publisher:  The Treasury, Canberra

    Over the past 40 years, Australia has experienced significant changes to the proportion of the population that is attached to its labour market. From the early 1980s, the aggregate labour force participation rate rose steadily, climbing from around... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 679
    Inter-library loan:
    No inter-library loan

     

    Over the past 40 years, Australia has experienced significant changes to the proportion of the population that is attached to its labour market. From the early 1980s, the aggregate labour force participation rate rose steadily, climbing from around 60 per cent in 1983 to almost 66 per cent in 2011. Underlying this long-term increase in the aggregate participation rate are opposing developments for males and females. The male participation rate fell from close to 80 per cent in the late 1970s to just above 70 per cent in recent years. Yet this decline in male participation rates over this period has been more than offset by an increase in female participation rates. Since the 1970s, the female participation rate has increased by more than 15 percentage points. This paper studies these developments through the lens of an age and cohort-based framework and uses the estimated model to analyse historical trends and the implications of these past developments for future participation rate trends in Australia.

     
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781925832280
    Other identifier:
    hdl: 10419/251331
    Series: Treasury working paper / Australian Government, The Treasury ; 2021, 02
    Subjects: Labour force; Labour Force Composition; Labour Force Demographics; Size of Labour Force; Labour Force Participation; Labour Supply
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen