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RBA Glossary definition for DSGE model
DSGE model – Dynamic Stochastic General Equilibrium model
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A Medium-scale Open Economy Model of Australia
9 Dec 2008
RDP
2008-07
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2008/2008-07.html
Introduction
9 Dec 2008
RDP
2008-07
The main motivation for developing DSGE models reflects the appetite for frameworks that place emphasis on sound micro foundations and theoretical consistency. ... Some work has been done on constructing DSGE models for Australia, with examples being
https://www.rba.gov.au/publications/rdp/2008/2008-07/introduction.html
References
9 Dec 2008
RDP
2008-07
An S and F Schorfheide (2007), ‘Bayesian Analysis of DSGE Models’, Econometric Reviews, 26(2–4), pp 113–172. ... Del Negro M and F Schorfheide (2008), ‘Forming Priors for DSGE Models (and How It Affects the Assessment of Nominal Rigidities)’,
https://www.rba.gov.au/publications/rdp/2008/2008-07/references.html
Conclusion
9 Dec 2008
RDP
2008-07
RDP 2008-07: A Medium-scale Open Economy Model of Australia 5. Conclusion. ... Download the Paper 485. KB. This paper outlines a DSGE model with a sizeable number of frictions and rigidities and estimates it using Australian data.
https://www.rba.gov.au/publications/rdp/2008/2008-07/conclusion.html
Empirical Results
9 Dec 2008
RDP
2008-07
RDP 2008-07: A Medium-scale Open Economy Model of Australia 4. Empirical Results. ... Del Negro and Schorfheide (2008) report a similar finding. They study the role of nominal rigidities in a New Keynesian DSGE model and find that post-1982 US data
https://www.rba.gov.au/publications/rdp/2008/2008-07/emp-results.html