Skip to content
Reserve Bank of Australia Reserve Bank of Australia
  • Monetary Policy
  • Market Operations
  • Payments & Infrastructure
  • Financial Stability
  • Banknotes
  • Financial Services
  • About Us
  • Media Releases
  • Speeches
  • Publications
  • Statistics
  • Chart Pack
  • Research
  • Archives
  • Education
  • Careers
  • Q&A

In RDP

  • About RDPs
  • Advanced Search for RDPs
  • 2021–2023
  • 2011–2020
  • 2001–2010
  • 1991–2000
  • 1981–1990
  • 1971–1980
  • 1969–1970

Tags

asset quality, balance sheet, banking, banknotes, bonds, business, business cycle, capital, cash rate, central clearing, china, climate change, commercial property, commodities, consumption, COVID-19, credit, cryptocurrency, currency, digital currency, debt, education, emerging markets, exchange rate, export, fees, finance, financial markets, financial stability, First Nations, fiscal policy, forecasting, funding, global economy, global financial crisis, history, households, housing, income and wealth, inflation, insolvency, insurance, interest rates, international, investment, labour market, lending standards, liquidity, machine learning, macroprudential policy, mining, modelling, monetary policy, money, open economy, payments, productivity, rba survey, regulation, resources sector, retail, risk and uncertainty, saving, securities, services sector, technology, terms of trade, trade, wages

RDP 2015-07: A Multi-sector Model of the Australian Economy Appendix D: Smoothed Shocks

In RDP 2015-07

  • Introduction
  • The Model
  • Estimation
  • The Dynamics of the Estimated Model
  • The Model in Action: Scenario Analysis
  • What has Driven the Australian Business Cycle?
  • Conclusion
  • Appendix A: The Log-linearised Model
  • Appendix B: Data Sources and Definitions
  • Appendix C: Posterior and Prior Distributions
  • Appendix D: Smoothed Shocks
  • References

Daniel Rees, Penelope Smith and Jamie Hall

May 2015 – ISSN 1448-5109 (Online)

  • Download the Paper 1.28MB
Figure D1: Kalman Smoothed Shocks – Foreign Block
Figure D2: Kalman Smoothed Shocks – Domestic Block
↑ Back to top

Sign up for email alerts

Subscribe

Follow us

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Instagram
  • Flickr

Affiliate sites

  • Banknotes
  • Unreserved
  • Museum
  • Council of Financial Regulators
  • Australian Foreign Exchange Committee
  • H.C. Coombs Centre

The Reserve Bank of Australia supports the Foundation for Children.

The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice. © Reserve Bank of Australia, 2001–2023. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land, and recognises their continuing connection to country. We pay our respects to their Elders, past and present.

References

  • For Media
  • Judicial Notice
  • Privacy
  • Accessibility
  • Procurement
  • Glossary
  • Contact Us
  • Report a Vulnerability
  • Scams
  • Public Interest Disclosure
  • Access to Information