RBA

RBA A photograph of a Martin Place street sign in front of the Reserve Bank Head Office
Photo: Reserve Bank of Australia

Meet MARTIN, the RBA's New Macroeconomic Model

Tom Cusbert and Elizabeth Kendall

The Reserve Bank has begun using a new full-system macroeconomic model called MARTIN in policy analysis and forecasting. It is designed to be used as part of the Bank's existing processes for forecasting and analysis that use a range of information, models and staff assessments. MARTIN is already being used in these processes to help understand economic developments and quantify risks, and in time it will be used to extend forecasts beyond the usual two-to-three-year horizon.

martin, modelling, macroeconomic, forecasting