Professor James Giesecke
Director, Centre of Policy Studies
James is the Director of the Centre of Policy Studies. His research is in the development of large-scale multi-regional and national computable general equilibrium (CGE) models and the application of these models to the analysis of the determinants of economic growth and structural change, forecasting and policy analysis.
He has published 50 papers in peer-reviewed journals and edited books on these topics. James also has over 25 years' experience undertaking contract economic research projects, completing over 100 commissioned projects, on a wide range of topics, for private and public sector organisations - nationally and internationally.
Recent major projects include:
- Development of a financial CGE model and its application to assess the costs and benefits of financial regulations in Australia
- Development of a multi-regional CGE models with taxation details for Australia and Italy
- Analysis of the economic impacts of global health pandemics, with a global dynamic model
- Analysis of the economic impacts of terrorism on the US economy
- Development of models with labour market and migration details to analyse skill shortage and migration policies
James taught Applied General Equilibrium Economics, Quantitative Economic Policy and Advanced Applied General Equilibrium Analysis courses at Monash University during 2003 -2013 period. Since 2002 has developed and delivered numerous training courses in static and dynamic CGE modelling in Australia, Germany, the Philippines, Brazil, Italy, Vietnam, Poland, the U.S. and South Africa.
Refereed journal articles
Giesecke, J.A. and N.H. Tran (forthcoming), “The National and Regional Consequences of Australia’s Goods and Services Tax”, The Economic Record, (forthcoming).
Nassios, J. and Giesecke J.A. (2017), “Informing ex-ante event studies with macro-econometric evidence on the structural and policy impacts of terrorism”, Risk Analysis (forthcoming).
Giesecke, J.A., P.B. Dixon, M.T. Rimmer. (2017), “The economy-wide impacts of a rise in the capital adequacy ratios of Australian banks”, The Economic Record, 93 (S1), pp.16-37.
Giesecke, J.A., P.B. Dixon, M.T. Rimmer. (2016), Superannuation within a financial CGE model of the Australian economy, JASSA: The Finsia Journal of Applied Finance, Issue 2, 2016, pp. 72-82.
Mariano, M. and Giesecke J.A., (2016) “Forecasting development outcomes under alternative surplus labour assumptions”, Applied Economics, Vol. 48, No. 42, pp. 4019-4032.
Tran, N.H., Roos, E.L., Giesecke, J.A. and Madden, J.R. (2018, forthcoming) Can regionally-targeted temporary visas be an effective policy instrument? – a general equilibrium analysis. In J. Poot and M. Roskruge (eds.) Population Change and Impacts in Asia and the Pacific. New Frontiers in Regional Science: Asia Perspectives, Springer.
Giesecke, J.A. and Madden, J.R., (2016) Migration responses to a loss in regional amenities: an analysis with a multiregional CGE model. In H. Shibusawa, K. Sakurai, T. Mizunoya, S. Uchida (eds.) Socioeconomic Environmental Policies and Evaluations in Regional Science: Essays in Honor of Yoshiro Higano, Springer.
Giesecke, J., W. Burns, A. Rose, T. Barrett and M. Griffith (2015), “Regional Dynamics under Adverse Physical and Behavioral Shocks: The Economic Consequences of a Chlorine Terrorist Attack in the Los Angeles Financial District”, in P. Nijkamp, A. Rose and K. Kourtit, editors, Regional Science Matters – Studies Dedicated to Walter Isard, Springer Verlag, Berlin.
Giesecke, J.A. and J.R. Madden (2013), “Regional computable general equilibrium modeling”, in P.B. Dixon and D. Jorgenson, editors, Handbook of Computable General Equilibrium Modeling, North Holland.
Anderson, K., Giesecke J.A. and E. Valenzuela (2009), “Distorted Agricultural Incentives and Australian Economic Development”, pp. 339-377 in M. Gopinath and H. Kim, editors, Globalization and the Rural-Urban Divide, Seoul National University Press, Seoul Korea.
View James' publications in the Victoria University Research Repository.
“Modelling the consequences of GST reform for state and territory economies”, (with N.H. Tran). Presentation to the Federal Relations Tax Reform Workshop, The University of Adelaide, School of Economics, 28th August 2017.
“Financial CGE model assessments of the economic effects of higher bank capital requirements in Australia and the U.S.” (with Jason Nassios, Peter Dixon and Maureen Rimmer), Presentation to the Federal Reserve Bank of San Francisco, San Francisco, 12th December 2016.
“Financial CGE model assessments of the economic effects of higher bank capital requirements in Australia and the U.S.” (with Jason Nassios, Peter Dixon and Maureen Rimmer), Presentation to the U.S. International Trade Commission, Washington D.C., 5th December 2016.
“Informing ex-ante event studies with macro econometric evidence on the structural and policy impacts of terrorism” (with Jason Nassios), Presentation to the Centre for Risk and Economic Analysis of Terrorism Events, University of Southern California, Los Angeles, 2nd December 2016.
“Financial CGE model assessments of the economic effects of higher bank capital requirements in Australia and the U.S.” (with Jason Nassios, Peter Dixon and Maureen Rimmer), Presentation to the trade and macroeconomics seminar of the Economics Department of U.C Davis, 30th November 2016.
“The economy-wide impacts of a rise in commercial bank capital adequacy ratios” (with Peter Dixon and Maureen Rimmer.), 19th Annual Conference on Global Economic Analysis, Washington D.C., U.S.A, June 2016.
Postgraduate research students and fellows
Completions: 6 PhD students
- Development of multi-regional fiscal models for Victoria and Queensland governments and a number of research organisations in Australia, 2017-2018.
- Development and application of financial CGE model for CSIRO Monash Superannuation Cluster, 2013-2016
- Development of a multi-regional model with migration detail for the Department of Home Affairs, 2015- 2016.
- The Economics Society of Australia
Appearances in the media
Areas of expertise
- National and regional economic modelling
- Analysis of financial regulations and superannuation
- Skill shortage and labour market forecasting
- Analysis of fiscal policies; migration politics; trade politics; agricultural policies
- Analysis of structural change and determinants of economic growth
- Analysis of economic impacts of terrorism; health pandemics; sport events; climate change adaptation measures