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Treasury Macroeconomic (TRYM) Model of the Australian Economy

  • Bruce Taplin
  • Paddy Jilek
  • Lawrence Antioch
  • Andrew Johnson
  • Priya Parameswaran
  • Craig Louis

Abstract

The Treasury Macroeconomic (TRYM) model of the Australian economy has been developed and is used within the Commonwealth Treasury of Australia2. For over 20 years, Treasury has developed and maintained models of the Australian macroeconomy. This research effort has previously been documented by Higgins and FitzGerald (1973), in the 1981 documentation of the NIF-10 model of the Australian economy, and in the 1988 documentation of the NIF-88 model. The TRYM model incorporates the best features of the NIF-88 model but it is more focussed than its predecessors on developing a framework for policy analysis. The model can be used for a wide range of different policy simulations including fiscal and monetary policies, wages, productivity improvements, international linkages between Australia and its major trading partners, and the impact of higher efficiency on the macroeconomy. In addition, the TRYM model can also be used to analyse recent economic developments and as an input into macroeconomic forecasting.

Keywords

Exchange Rate Monetary Policy Australian Economy Short Term Interest Rate Inflationary Expectation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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    Taplin, B., P. Jilek, L. Antioch, A. Johnson, P. Parameswaran and C. Louis (1993) ”An Introduction to the Treasury Macroeconomic (TRYM) Model of the Australian Economy,” (TRYM Paper No.1), Treasury Conference on TRYM Model of the Australian EconomyGoogle Scholar
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    Taplin, B., P. Jilek, L. Antioch, A. Johnson, P. Parameswaran and C. Louis (1993) ”Documentation of the Treasury Macroeconomic (TRYM) Model of the Australian Economy,” (TRYM Paper No.2, Treasury Conference on TRYM Model of the Australian EconomyGoogle Scholar
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    Taplin, B. and P. Parameswaran (1993) ”Employment, Investment Inflation and Productivity: Decisions by the Firm,” (TRYM Paper No.3), Treasury Conference on TRYM Model of the Australian EconomyGoogle Scholar
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    Jilek, P., A. Johnson and B. Taplin (1993) ”Exports, Imports and the Trade Balance,” (TRYM Paper No.4), Treasury Conference on TRYM Model of the Australian EconomyGoogle Scholar
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    Antioch, L., and B. Taplin (1993) ”Savings, Dwelling Investment and the Labour Market: Decisions by Households”, (TRYM Paper No.5), Treasury Conference on TRYM Model of the Australian EconomyGoogle Scholar
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    Ryder, B., A. Johnson, B. Taplin and P. Jilek (1993) ”Australia’s Trade Linkages with the World,” (TRYM Paper No.6), Treasury Conference on TRYM Model of the Australian EconomyGoogle Scholar
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    Taplin, B., and C. Louis (1993) ”The Macroeconomic Effects of Higher Productivity,” (TRYM Paper No.7), Treasury Conference on TRYM Model of the Australian EconomyGoogle Scholar

Copyright information

© Springer-Verlag Tokyo 1994

Authors and Affiliations

  • Bruce Taplin
  • Paddy Jilek
  • Lawrence Antioch
  • Andrew Johnson
  • Priya Parameswaran
  • Craig Louis

There are no affiliations available

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