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Conclusions
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia 7. Conclusions. David Norman and Anthony Richards. Download the Paper 498. KB. Given the goal of central banks to maintain low and stable inflation, researchers devote significant effort to modelling
https://www.rba.gov.au/publications/rdp/2010/2010-03/conclusions.html
Appendix B: Additional Regression Results
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia Appendix B: Additional Regression Results. David Norman and Anthony Richards. June 2010. Download the Paper 498. KB. Table B1: Additional Regression Results. Standard Phillips curve equations. π. e. UR.
https://www.rba.gov.au/publications/rdp/2010/2010-03/appendix-b.html
Introduction
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia 1. Introduction. David Norman and Anthony Richards. Download the Paper 498. KB. Central banks in most advanced economies now operate with some form of either explicit or implicit inflation target, with
https://www.rba.gov.au/publications/rdp/2010/2010-03/introduction.html
Appendix A: Derivation of the Mark-up Model of Inflation
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia Appendix A: Derivation of the Mark-up Model of Inflation. David Norman and Anthony Richards. June 2010. Download the Paper 498. KB. The derivation of the expectations-augmented mark-up model of inflation
https://www.rba.gov.au/publications/rdp/2010/2010-03/appendix-a.html
References
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia References. David Norman and Anthony Richards. Download the Paper 498. KB. Akerlof GA, WT Dickens and GL Perry (2000), ‘Near-Rational Wage and Price Setting in the Long-Run Phillips Curve’, Brookings
https://www.rba.gov.au/publications/rdp/2010/2010-03/references.html
Estimation
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia 3. Estimation. David Norman and Anthony Richards. Download the Paper 498. KB. The estimation of these models raises a number of challenges both in terms of the dependent variable, the functional form
https://www.rba.gov.au/publications/rdp/2010/2010-03/estimation.html
Changes in the Inflation Process over Time
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia 6. Changes in the Inflation Process over Time. David Norman and Anthony Richards. June 2010. Download the Paper 498. KB. There is a large body of evidence documenting changes in the inflation process
https://www.rba.gov.au/publications/rdp/2010/2010-03/changes-inflation-process-over-time.html
Modelling Structure and Theory
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia 2. Modelling Structure and Theory. David Norman and Anthony Richards. June 2010. Download the Paper 498. KB. The literature identifies many ways to specify an inflation model. Setting aside the
https://www.rba.gov.au/publications/rdp/2010/2010-03/modelling-structure-theory.html
Results
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia 4. Results. David Norman and Anthony Richards. Download the Paper 498. KB. The estimates of each model are shown in Table 1 (fitted values are shown in Section 4.3). Overall, we find that the models fit
https://www.rba.gov.au/publications/rdp/2010/2010-03/results.html
Investigating the Role of Other Variables or Restrictions
31 Dec 2010
RDP
2010-03
RDP 2010-03: Modelling Inflation in Australia 5. Investigating the Role of Other Variables or Restrictions. David Norman and Anthony Richards. June 2010. Download the Paper 498. KB. The literature on inflation models contains a much larger set of
https://www.rba.gov.au/publications/rdp/2010/2010-03/investigating-role-other-variables.html