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RBA Glossary definition for MARTIN

MARTIN – the RBA's macro econometric model

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Robustness Exercises

3 Jan 2023 RDP 2022-09
Matthew Read
The peak response of the unemployment rate in the MARTIN model is smaller than this, at a bit less than 0.15 percentage points. ... response of the unemployment rate two years after the shock exceeds the peak response in MARTIN is around 80 per cent.
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html

Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions

3 Jan 2023 RDP 2022-09
Matthew Read
More specifically, I find that there is a reasonably high posterior probability assigned to output responses that exceed the peak responses in the RBA's multi-sector and MARTIN models (Gibbs, ... A version of my model that includes the unemployment rate
https://www.rba.gov.au/publications/rdp/2022/2022-09/full.html

Introduction

3 Jan 2023 RDP 2022-09
Matthew Read
More specifically, I find that there is a reasonably high posterior probability assigned to output responses that exceed the peak responses in the RBA's multi-sector and MARTIN models (Gibbs, ... A version of my model that includes the unemployment rate
https://www.rba.gov.au/publications/rdp/2022/2022-09/introduction.html

Non-technical summary for ‘The Rise in Household Liquidity’

3 Jan 2023 RDP 2022-09
Matthew Read
For instance, the results suggest that the response of real GDP is likely to be larger in magnitude than in the RBA's multi-sector and MARTIN models (Gibbs, Hambur and ... policy. References. Ballantyne A, T Cusbert, R Evans, R Guttmann, J Hambur, A
https://www.rba.gov.au/publications/rdp/2022/2022-09/non-technical-summary.html

Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions

3 Jan 2023 RDP 2022-09
Matthew Read
I also thank Shayan Omidi for providing estimates from the MARTIN model.
https://www.rba.gov.au/publications/rdp/2022/2022-09/sections.html

References

3 Jan 2023 RDP 2022-09
Matthew Read
Ballantyne A, T Cusbert, R Evans, R Guttmann, J Hambur, A Hamilton, E Kendall, R McCririck, G Nodari and D Rees (2019), ‘MARTIN Has Its Place: A Macroeconometric Model of the
https://www.rba.gov.au/publications/rdp/2022/2022-09/references.html

Conclusion

3 Jan 2023 RDP 2022-09
Matthew Read
suggest that the response of output is likely to exceed the peak responses in the RBA's multi-sector and MARTIN models.
https://www.rba.gov.au/publications/rdp/2022/2022-09/conclusion.html

The Effects of a 100 Basis Point Monetary Policy Shock

3 Jan 2023 RDP 2022-09
Matthew Read
The peak response of output in the RBA's macroeconometric model, MARTIN, is also about 0.4 per cent. ... π. (. η. ˜. i. ,. 1. ,. h. x. ). See Ballantyne et al (2019) for a description of the MARTIN model.
https://www.rba.gov.au/publications/rdp/2022/2022-09/the-effects-of-a-100-basis-point-monetary-policy-shock.html