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RBA Glossary definition for DSGE model
DSGE model – Dynamic Stochastic General Equilibrium model
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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
7 Jan 2024
RDP
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1715KB
macroeconomic models. For example, many models, including Woodford (2005), model investment. ... the Taylor rules in MARTIN or the RBA’s DSGE model. As such, we may not be comparing like for.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf
Non-technical summary for 'Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions'
30 Dec 2022
RDP
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535KB
RDP 2022-09 non-technical summary
https://www.rba.gov.au/publications/rdp/2022/2022-09/rdp-2022-09-non-technical-summary.pdf
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 Consequences of Low Interest Rates for the Australian Banking Sector
19 Dec 2022
RDP
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1588KB
jurisdiction, and the theoretical existence of this rate being highly model dependent, there remains. ... Cheung and Printant (2019) computes a simple average of three commonly used pricing models.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf
The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
6 Oct 2022
RDP
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2224KB
approach to conducting Bayesian inference in set-identified models, because it eliminates the. ... approach to Bayesian inference in set-identified models. In particular, because the model is.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-04.pdf
Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
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1706KB
Comparison to Aggregate Models 23. 7.1 The RBA wage Phillips curve 23. ... DSGE models, and is called the New Keynesian Phillips curve. In these macroeconomic models with.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
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
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
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1571KB
equilibrium (DSGE) model, MSM, documented in Rees, Smith and Hall (2016) and extended by Gibbs,. ... that are specific to the Australian economy, which can be difficult to incorporate in a DSGE model.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf
Cost-benefit Analysis of Leaning against the Wind
5 Jul 2019
RDP
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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
The GFC Investment Tax Break
16 Jan 2019
RDP
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1792KB
substitution: the primary mechanism through which tax incentives operate in a standard model. ... We focus on a polynomial of order 1 (i.e. a. linear model).
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-07.pdf