This paper outlines the challenges of forecasting and communicating estimates of the revenue impact of policies over the medium term. The variety of policy costings that Treasury undertakes and the benefits and shortcomings of static and dynamic microsimulation approaches are discussed, with the paper concluding...
VCOSS and NATSEM have launched this major report and online mapping project, providing new data and analysis. Poverty data for Victoria has been broken down, allowing policy makers to better target the needs of people in different places.
Grattan Institute modelling shows that, even after allowing for inflation, most workers today can expect a retirement income of at least 91% of their pre-retirement income – well above the 70% benchmark endorsed by the OECD, and more than enough to maintain pre-retirement living standards.
This report documents the patterns of declining economic mobility around Australia. It also provides a foundation for further research, exploring factors associated with the trends outlined.
Billions of taxpayer dollars are committed before all the evidence for, and against, infrastructure projects is in, and basic rules of economic modelling are broken.
Governments are the main audience for economic modelling, largely because of their role in making investments on behalf of taxpayers. As such, the public service plays a key role in influencing the behaviour of economic modellers and consequently the quality of information modellers provide to...
This paper connects variance-covariance estimation methods, Gaussian graphical models, and the growing literature on economic and nancial networks. We construct the network using the concept of partial correlations which captures direct linear dependence between any two entities, conditional on dependence between all other entities. We...
Several attempts have been proposed in the literature to relax the restrictive assumptions of a standalone input-output model. Particularly, endogenisation of the household sector, which exhibits the highest constant returns to scale, has been continuously recognised as a key objective of such attempts. This objective...
This study develops a measurement tool to assess the economic health, human capital, social well-being and liveability of regional locations. The study is guided by developments in the professional literature related to measuring these four dimensions. Information was compiled from existing...
The purpose of this study is to recommend a suitable approach to modelling/analysing regional resource projects to ensure that the economic impacts of a FIFO versus a residential workforce are understood.