Search: DSGE model
RBA Glossary definition for DSGE model
DSGE model – Dynamic Stochastic General Equilibrium model
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Cost-benefit Analysis of Leaning against the Wind
5 Jul 2019
RDP
PDF
1512KB
unemployment rate taken from, for example, a structural macroeconomic model. A quadratic loss. ... The Riksbank’s DSGE. model, Ramses, suggests that following a 100 basis point increase in the policy interest rate that is maintained for a.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-05.pdf
Monetary Policy Frameworks Away from the ELB
20 Dec 2023
Conferences
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4375KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-de-fiore-mojon-rees-sandri.pdf
Research Discussion Papers 2011–2020
31 Dec 2011
RDP
Alexandre Dmitriev and Ivan Roberts. RDP 2013-07 An Empirical BVAR-DSGE Model of the Australian Economy. ... Sean Langcake and Tim Robinson. RDP 2013-06 Estimating and Identifying Empirical BVAR-DSGE Models for Small Open Economies.
https://www.rba.gov.au/publications/rdp/2011-2020.html
Is the Phillips Curve Still a Curve? Evidence from the Regions
31 Aug 2021
RDP
2021-09
An equation like the expectations-augmented Phillips curve also appears in many New Keynesian DSGE models, and is called the New Keynesian Phillips curve. ... Figure 3: Inflation-unemployment Trade-off in the RBA Phillips Curve Models. Model estimates.
https://www.rba.gov.au/publications/rdp/2021/2021-09/full.html
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Robust Design Principles for Monetary Policy Committees
10 Feb 2020
Conferences
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1517KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018-archer-levin.pdf
Discussion on Terms of Trade Shocks and Fiscal Cycles | Conference – 2009
17 Aug 2009
Conferences
This simulation was conducted by Stephen Snudden using the Bank of Canada's global DSGE model, BoC-GEM. ... Lalonde R and D Muir (2007), ‘The Bank of Canada's Version of the Global Economy Model (BoC-GEM)’, Bank of Canada Technical Report No 98.
https://www.rba.gov.au/publications/confs/2009/kaminsky-disc.html
Cost-benefit Analysis of Leaning against the Wind
1 Jul 2019
RDP
2019-05
Both scenarios are generated by the AUS-M model maintained by Outlook Economics. ... It is not clear whether this reflects differences between models or differences between countries.
https://www.rba.gov.au/publications/rdp/2019/2019-05/full.html
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Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
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1886KB
known problems with conducting Bayesian inference in set-identified models; in particular, a. ... macroeconomic models. Moreover, Wolf (2020) explains that these restrictions can help mitigate the.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
The Role of International Shocks in Australia’s Business Cycle
2 Dec 2009
RDP
PDF
372KB
Second, Fukac and Pagan (2006) argue thatrigid restrictions imposed by DSGE models on the data may yield invalid estimatesof the model’s observable shocks (that is, shocks that are mapped into ... The IRFsare simulated by sampling the empirical
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-08.pdf
Policy Panel | Conference – 2013
19 Aug 2013
Conferences
He added that while the latest generation of general equilibrium (DSGE) models had come in for much criticism, this modelling work was both difficult and important. ... He gave the example of DSGE models that attempted to integrate rich financial
https://www.rba.gov.au/publications/confs/2013/policy-panel-2013.html