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Modelling Costs and Benefits of Financial Regulation - CIFR Project

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As the pendulum swings towards regulation from laissez-faire in the aftermath of the Global Financial Crisis (GFC), there is no more pressing question than how the benefits of regulation (prevention/containment of financial disruptions) compare with the potential harm done to the economy if regulation causes misallocation of resources. Computable General Equilibrium (CGE) models are an ideal tool for answering 'what if' questions about industries and Australian states in the event of, say, a serious recession in China.