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The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
6 Oct 2022
RDP
PDF
2224KB
autoregression (SVAR) models, researchers have traditionally imposed identifying restrictions that. are sufficient to pin down the responses to the shocks of interest, in which case we say that the.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-04.pdf
Estimating a SVAR Model
18 Dec 2008
RDP
2008-08
for some matrix H such that HH′ = PΣP′. An identification problem arises if there are not enough restrictions to uniquely pin down H from the matrix V.
https://www.rba.gov.au/publications/rdp/2008/2008-08/est-model.html
The International Environment
4 Aug 2022
SMP
- August 2022
PDF
1543KB
https://www.rba.gov.au/publications/smp/2022/aug/pdf/01-the-international-environment.pdf
DSGE Reno: Adding a Housing Block to a Small Open Economy Model
11 Jun 2018
RDP
PDF
1710KB
stock, bd. Ad and AH are normalising constants that pin down the steady state of the model so that.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-04.pdf
The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
14 Feb 2020
RDP
PDF
1878KB
The key assumption to pin down the distributional effects of monetary policy on local housing prices. (
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-02.pdf
The Effect of Mortgage Debt on Consumer Spending: Evidence from Household-level Data
9 Jul 2019
RDP
PDF
2076KB
We use household-level panel data from Wave 17 of the HILDA Survey to pin down the causal. ... that it would be harder to pin down a potential negative debt overhang effect.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-06.pdf
DSGE Reno: Adding a Housing Block to a Small Open Economy Model
1 Apr 2018
RDP
2018-04
d. A. d. and A. H. are normalising constants that pin down the steady state of the model so that it matches the data.
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html
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Appendix A: A Model of City Formation and Dwelling Prices
31 Dec 2001
RDP
2001-08
Alternatively, these costs and individual variation could be modelled, but only by adding many free parameters and functional forms without much theoretical guidance to pin them down.
https://www.rba.gov.au/publications/rdp/2001/2001-08/appendix-a.html
The Neoclassical Inheritance
1 Aug 1986
RDP
8605
Even when interest rates varied, effects on real activity were difficult to pin down.
https://www.rba.gov.au/publications/rdp/1986/8605/neoclassical-inheritance.html
Empirical Analysis
25 Sep 2015
RDP
2015-11
policy rule parameters and the standard deviations of the model's structural shocks – and those that, in addition to influencing the dynamics, pin down the steady state.
https://www.rba.gov.au/publications/rdp/2015/2015-11/empirical-analysis.html