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RBA Glossary definition for DSGE model
DSGE model – Dynamic Stochastic General Equilibrium model
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Assessing Some Models of the Impact of Financial Stress upon Business Cycles
19 Dec 2011
RDP
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264KB
4.2 The Iacoviello (2005) Model 11. 5. Business Cycle Characteristics of the Models 12. ... 3. Alternatively, fourth generation or Dynamic Stochastic General Equilibrium(DSGE) models place more weight on being consistent with theory.
https://www.rba.gov.au/publications/rdp/2011/pdf/rdp2011-04.pdf
Macroeconomic Consequences of Terms of Trade Episodes, Past and Present
4 Feb 2015
RDP
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629KB
Research Discussion Paper. Macroeconomic Consequences of Terms of Trade Episodes, Past and Present. Tim Atkin, Mark Caputo, Tim Robinson and Hao Wang. RDP 2014-01. The Discussion Paper series is intended to make the results of the current economic
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-01.pdf
Understanding the Flattening Phillips Curve
30 Sep 2008
RDP
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317KB
Such a system of Phillips curves have been estimated for Australia aspart of a small DSGE model by both Nimark (2007) and Justiniano andPreston (forthcoming). ... 24. References. Adolfson M, S Laséen, J Lindé and M Villani (2007), ‘Bayesian
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-05.pdf
International Business Cycles with Complete Markets
2 Feb 2015
RDP
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735KB
Our main result shows that a model with complete markets driven byproductivity shocks alone can resolve the ‘international co-movement puzzle’.1 Inaddition, our model outperforms standard models in accounting for ... However,in our model sluggish
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-08.pdf
Inventory Investment in Australia and the Global Financial Crisis
2 Feb 2015
RDP
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839KB
5.4 Parallel Trends Assumption 23. 6. Results 24. 6.1 Benchmark Model 24. ... The (real) annual growth rate of inventories acts as the dependent variable inthe regression model.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-13.pdf
Reconciling Microeconomic and Macroeconomic Estimates of Price Stickiness
19 Mar 2010
RDP
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461KB
number of shocksthan both Carvalho (2006) and Nakamura and Steinsson (2009), many of whichare typically found in DSGE models. ... interaction of heterogeneity and roundabout production as they are far larger inthe full model than in the other models.
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-01.pdf
Seasonal Adjustment of Chinese Economic Statistics
15 Nov 2015
RDP
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1209KB
parameters. 6 The reasonfor this approach is that the models with different τ are not nested and, therefore,model selection cannot proceed on the basis of standard likelihood ratio tests. ... 19. many series.15 The ARIMA models chosen by the automatic
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-13.pdf
Global Relative Price Shocks: The Role of Macroecnomic Policies
11 Jan 2010
RDP
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199KB
DSGE) model).2 In the version used in this paper, there are 15 regions (Table 2), each with six sectors of production. ... There are two key inputs into the growth rate of each sector in the model.
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-10.pdf
Issues in Estimating New-Keynesian Phillips Curves in the Presence of Unknown Structural Change
2 Feb 2015
RDP
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586KB
2013-06 Estimating and Identifying Empirical BVAR-DSGE Models Tim Robinson for Small Open Economies. ... 2013-07 An Empirical BVAR-DSGE Model of the Australian Economy Sean Langcake Tim Robinson.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-11.pdf
Currency Misalignments and Optimal Monetary Policy: A Re-examination
14 Apr 2009
RDP
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479KB
The literature has indeed previously considered models with LCP. Some of these models are much richer than the model considered here. ... Log-linearised Model. This section presents some log-linear approximations to the models presented above.
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-01.pdf