Research Discussion Paper – RDP 2008-01 A Sectoral Model of the Australian Economy

Contents

• Introduction
• Methodology
• A Sectoral Model of the Australian Economy
• The Sectoral Effects of Monetary Policy
• Which Shocks Are Most Important?
• Sensitivity Analysis
• Conclusion
• Appendix A: Data Descriptions and Sources
• References

We would like to thank James Hansen for his earlier internal work related to this paper. We are also grateful to Dan Andrews, Ellis Connolly, Jarkko Jääskelä, Jonathan Kearns, Christopher Kent, Mariano Kulish, Kristoffer Nimark and Ivan Roberts for useful comments and suggestions. The views expressed in this paper are those of the authors and do not necessarily reflect those of the Reserve Bank of Australia.