Search: FRB/US
RBA Glossary definition for FRB/US
FRB/US – Model of the US Economy used by the Board of Governors of the Federal Reserve System
RBA Glossary definition for US$
US$ – US dollar
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Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
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847KB
Cogan et al (2010) have argued that FRB/US multipliers are too high. ... More important, Coenen et al (2012, Figure 7) find that FRB/US multipliers are similar.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
PDF
1571KB
mechanism. Most equations are modelled in an error correction framework, which allows us to. ... models that are similar to MARTIN. Leading examples include the Federal Reserve’s FRB/US model,.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
Having a banking sector in MARTIN allows us to explore important policy questions. ... 2. crises in Australia prevents us from using time series data to estimate the necessary relationships.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf
Anticipatory Monetary Policy and the ‘Price Puzzle’
18 May 2017
RDP
PDF
2157KB
2 The recursive inflation equation includes contemporaneous observations of US real GDP, commodity prices and real. ... Bernanke, Boivin and Eliasz (2005) show that a FAVAR removes the price puzzle from US data.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-02.pdf
Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve’s Approach
27 Feb 2017
RDP
PDF
1444KB
Reserve Board regularly use the FRB/US model to generate fan charts for the staff Tealbook. ... regularly reported in the Tealbook, which are based on stochastic simulations of the FRB/US model that randomly.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-01.pdf
A Model of the Australian Housing Market
5 Mar 2019
RDP
PDF
1639KB
variables are weakly exogenous. Given that the future does not determine the past, that strikes us. ... hand side. As noted earlier, we do not prove this, but it strikes us as a natural interpretation.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-01.pdf
The Effect of Uncertainty on Monetary Policy: How Good are the Brakes?
1 Dec 2009
RDP
PDF
277KB
US: Reifschneider, Tetlow and Williams (1999)UK: Bank of England (1999). 3.4 Data uncertainty. ... Commodity Prices. 0= tcpsdr. US Real Output. 00625.0= USty. 29. Nominal Exchange Rate.
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-07.pdf
Housing Wealth, Stock Market Wealth and Consumption: A Panel Analysis for Australia
2 Dec 2009
RDP
PDF
130KB
This compares with estimated MPCs from total wealth of around 0.03 to0.07 for the US. ... 18 For example, Ludvigson and Steindel (1999) for the US and Tan and Voss (2003) for Australia.
https://www.rba.gov.au/publications/rdp/2003/pdf/rdp2003-07.pdf