The Motor Vehicle Tariff Application of MONASH

The Motor Vehicle Tariff application is the main application of the MONASH model in the MONASH Model Book.

You can use the Demonstration Version of RunDynam to solve this application and to replicate the results of this application from the MONASH Model book. You can download the Demonstration Version of RunDynam here.

This application can be solved under Static Expectations or under Rational Expectations. We strongly suggest that you work through the static expectations version with the aggregated data before trying any of the other variations.

Note that no GEMPACK licence is needed to solve the aggregated (33-commodity) versions. However, a GEMPACK licence (at least an Introductory licence) is required to solve the disaggregated (115-commodity) versions.

Static Expectations Versions

There are 2 versions of this application available under static expectations.

• An aggregated version of the application. This version uses 33-commodity data.
• The disaggregated version of the application. This version uses the 115-commodity data and is the version whose results are reported in the MONASH Model book.

Note that exactly the same MONASH TAB file is used in these 2 versions.

We strongly suggest that you first download and solve the aggregated static expectations version. Then, if you are interested, go on to the disaggregated version or the rational expectations version.

Download the aggregated (33-commodity) version of the motor vehicle tariff application (static expectations). This also contains instructions for running this application.

Download the disaggregated (115-commodity) version of the motor vehicle tariff application (static expectations). This also contains instructions for running this application.

Rational Expectations Versions

There are 2 versions of this application available under rational expectations.

• An aggregated version of the application. This version uses 33-commodity data.
• The disaggregated version of the application. This version uses the 115-commodity data and is the version whose results are reported in the MONASH Model book.

We strongly suggest that you first download and solve the aggregated version. Then, if you are interested, go on to the disaggregated version.

Download the aggregated (33-commodity) version of the motor vehicle tariff application (rational expectations). This also contains instructions for running this application.

Download the disaggregated (115-commodity) version of the motor vehicle tariff application (rational expectations). This also contains instructions for running this application.

The rational expectations version of the motor vehicle tariff application is documented in the CoPS Working Paper IP-81 (May, 2003)
Rational Expectations for Large Models: a Practical Algorithm and a Policy Application
by Peter B. Dixon, K.R. Pearson, Mark R. Picton and Maureen T. Rimmer. (download)

You can download this paper. This paper also describes the algorithm used to solve the MONASH Model under rational expectations.

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