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RBA Glossary definition for DSGE model
DSGE model – Dynamic Stochastic General Equilibrium model
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The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
14 Feb 2020
RDP
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1878KB
models that are subject to endogeneity problems. For instance, the central bank may raise interest. ... Substituting the two expressions, we obtain a regression model that we can explore using local.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-02.pdf
Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
Coenen et al (2012) present a more detailed comparison of structural (mainly DSGE) models used by central banks, international organisations, and academics; they found FRB/US fiscal multipliers at fixed nominal ... 18. to those of recent DSGE models,
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
Unprecedented Changes in the Terms of Trade: Online Appendix
1 Sep 2015
RDP
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407KB
RDP 2015-11 online appendix
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-11-appendix.pdf
Introduction
31 Dec 2010
RDP
2010-03
models (Gillitzer and Kearns 2007; Gerard and Nimark 2008) and DSGE models (Jääskelä and Nimark 2008). ... Accordingly, it is appropriate to supplement the single-equation approach with results from more structural econometric models such as the
https://www.rba.gov.au/publications/rdp/2010/2010-03/introduction.html
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Unprecedented Changes in the Terms of Trade
7 Sep 2015
RDP
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1175KB
Our calibration strategy is as follows. We calibrate the model at a quarterlyfrequency. ... This is close to the model implied growthrate of 3.4 per cent.9.
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-11.pdf
Estimation and Solution of Models with Expectations and Structural Changes
28 Jan 2015
RDP
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1110KB
m. Accordingly, the initial model is replaced by a new one at Tm, following whichthere may be a sequence of models until T m, when a final model is in place. ... Cùrdia V and D Finocchiaro (2005), ‘An Estimated DSGE Model forSweden with a Monetary
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-08.pdf
Stochastic Terms of Trade Volatility in Small Open Economies
2 Feb 2015
RDP
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1080KB
The empirical model described in Equation (3) can be thought of as a simplifiedreduced form version of a DSGE model with stochastic volatility, like the onedescribed in Section 5 below. ... As Fernández-Villaverdeet al (2011) discuss, in models with
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-10.pdf
Issues in Estimating New-Keynesian Phillips Curves in the Presence of Unknown Structural Change
1 Sep 2013
RDP
2013-11
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2013/2013-11/
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Trends in the Funding and Lending Behaviour of Australian Banks
2 Feb 2015
RDP
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1090KB
New theoretical models place more emphasis on the information content of credit, rather than money, for economic activity.
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-15.pdf
References
22 Jun 2018
RDP
2018-07
DSGE Reno: Adding a Housing Block to a Small Open Economy Model’, RBA Research Discussion Paper No 2018-04. ... Li SM and AH Spencer (2016), ‘Effectiveness of the Australian Fiscal Stimulus Package: A DSGE Analysis’, Economic Record, 92(296), pp
https://www.rba.gov.au/publications/rdp/2018/2018-07/references.html
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