The MSG2 and G-Cubed Models of the Australian Economy

This paper gives an overview of the MSG2 and G-CUBED multi-country models. Both models include Australia and have been used for a number of important domestic and international policy questions of relevance to the Australian economy. In addition to introducing the models to non-modelers, the paper also summarizes the many studies that have been undertaken using the models. Although the focus of the paper is on studies of the Australian economy, the global coverage of both models and the vulnerability of the Australian economy to developments in the world economy, make many of the global studies relevant for the Australian economy. The Australian specific studies as well as many of the global studies are summarized.