Research Discussion Paper – RDP 13 A Quarterly Model of the Australian Economy


The model in this paper is a simplified version of the model presented by Norton. This simpler model is to be used with a model of the monetary sector in hypothetical monetary policy exercises.

Current price seasonally unadjusted data is used to estimate the model. Unless otherwise stated, the sample period is 1959(1)to 1968(4). Ordinary least-squares is the estimation method.

The notation is given in alphabetical order in Appendix A. The data are listed in Appendix B.