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RBA Glossary definition for DSGE model
DSGE model – Dynamic Stochastic General Equilibrium model
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Explaining the Flattening Phenomenon
2 Oct 2008
RDP
2008-05
gap’. Such a system of Phillips curves have been estimated for Australia as part of a small DSGE model by both Nimark (2007) and Justiniano and Preston (forthcoming). ... not changed, but that the structural model we have estimated is itself too simple.
https://www.rba.gov.au/publications/rdp/2008/2008-05/expl-flat.html
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Monetary Transmission and the Yield Curve in a Small Open Economy
11 Jun 2008
RDP
2008-03
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2008/2008-03.html
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Introduction
1 Jun 2015
RDP
2015-04
At the other end of the spectrum are microfounded dynamic stochastic general equilibrium (DSGE) models, which are mostly used for scenario analysis. ... In its pure or hybrid variants, it is also a central element of DSGE models used by most central
https://www.rba.gov.au/publications/rdp/2015/2015-04/introduction.html
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Introduction
31 Dec 2015
RDP
2015-12
Other models developed by RBA staff which can help to answer a range of broader questions about the relationships between the exchange rate and other macroeconomic variables include: the DSGE model ... set out in Rees, Smith and Hall (2015), which models
https://www.rba.gov.au/publications/rdp/2015/2015-12/introduction.html
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Reserves of Natural Resources in a Small Open Economy
2 Feb 2015
RDP
PDF
862KB
Thesetwo effects have been ignored in previous DSGE models with a natural resourcesector. ... 2.1 Theoretical. One approach used to study the effects of a resource price shock is to integrate anatural resource sector within a small open economy DSGE model
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-14.pdf
Stochastic Terms of Trade Volatility in Small Open Economies
1 Aug 2013
RDP
2013-10
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2013/2013-10/
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References
8 Mar 2017
RDP
2017-01
Diebold FX, F Schorfheide and M Shin (2016), ‘Real-Time Forecast Evaluation of DSGE Models with Stochastic Volatility’, Unpublished manuscript, University of Pennsylvania. ... Sims CA (2002), ‘The Role of Models and Probabilities in the Monetary
https://www.rba.gov.au/publications/rdp/2017/2017-01/references.html
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Estimation
31 Dec 2013
RDP
2013-09
where the state vector. collects the model's theoretical variables and the vector. ... This is somewhat earlier than the starting date for most Australian DSGE models, which typically use data spanning the period after the adoption of a floating exchange
https://www.rba.gov.au/publications/rdp/2013/2013-09/estimation.html
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References
14 Feb 2020
RDP
2020-02
Gibbs CG, J Hambur and G Nodari (2018), ‘DSGE Reno: Adding a Housing Block to a Small Open Economy Model’, RBA Research Discussion Paper No 2018-04. ... Evidence from a Dynamic Dividend-Discount Model’, European Central Bank Working Paper Series No
https://www.rba.gov.au/publications/rdp/2020/2020-02/references.html
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Non-technical summary for 'Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions'
30 Dec 2022
RDP
PDF
535KB
RDP 2022-09 non-technical summary
https://www.rba.gov.au/publications/rdp/2022/2022-09/rdp-2022-09-non-technical-summary.pdf