Victoria University (VU) announced that the Centre of Policy Studies (CoPS) has joined the College of Business at Victoria University.
VU’s Vice-Chancellor, Professor Peter Dawkins said, “CoPS has been a world leader in computable general equilibrium (CGE) modelling for over 30 years, based most recently at Monash University. CoPs models are used in many countries to analyse a diverse range of economic issues, and output from these models has informed the highest level of policy decision making.
“As well as generating partnership opportunities between CoPS and VU’s Centre for Strategic Economic Studies (CSES), this modelling can be applied to a raft of research across the University, relating to our interdisciplinary research themes connected with health, education, workforce issues and the environment.
“In collaboration with CSES, it is planned that CoPS will move to VU and operate as a semi-autonomous centre, under the banner of the newly formed Victoria Institute of Strategic Economic Studies, and address major economic, industry and community problems.“
Professor Bruce Rasmussen, Director of VU’s Centre for Strategic Economic Studies said, “Both CoPS and CSES share an interest in providing creative and evidence based solutions to long term strategic economic and social issues of international concern.
“Many of the issues, such as climate change, addressed by CoPS in its modelling work at Monash University are also the focus of the work in CSES. The decision by Monash University to allow these two Centres to amalgamate at Victoria University under the Victoria Institute of Strategic Economic Studies has created a truly world-class research institute.
“Working closely with CoPS will allow us to be more engaged with business and find solutions to policy problems from an analytical perspective.”
Professor James Giesecke, VU’s Director of CoPS, said, “CoPS undertakes economic-modelling research for state and federal governments and businesses across the world. We engage in economy wide modelling that is applied to a variety of policies.
“CoPS develops models that are relevant to client research needs. We have undertaken hundreds of projects analysing the key policy issues of the day, including the effects of: the global financial crisis; climate change; proposed new taxes, such as the GST; major infrastructure projects; fiscal equalisation; free trade agreements; changes in wage-setting institutions; cuts in tariffs; and transfers of public enterprises into private ownership.
“Our work while we were based at Monash University has covered: climate change and the carbon tax, including modelling for the Garnaut report; energy modelling for the White House and other branches of the U.S. Government; unauthorized immigration in the U.S.; modelling terrorist attacks to aid emergency management decision makers; the Obama stimulus package; and water buybacks in the Murray-Darling Basin.
“We look forward to being part of VU and being able to continue our work in an environment of excellence.”
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