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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Central Bank Frameworks: Evolution or Revolution?
4 Jan 2023
Conferences
PDF
7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf
Appendix A: Literature Review
18 Jan 2022
RDP
2022-01
Unfortunately, a unified theory of macroeconomics and finance still eludes us. ... The contradictory lesson from the global financial crisis apparently remains to be learned …. The most well-known of these central bank macroeconometric models, FRB/US,
https://www.rba.gov.au/publications/rdp/2022/2022-01/appendix-a.html
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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
Robust Design Principles for Monetary Policy Committees
10 Feb 2020
Conferences
PDF
1517KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018-archer-levin.pdf
References
8 Oct 2019
RDP
2019-01
Brayton F and P Tinsley (eds) (1996), ‘A Guide to FRB/US: A Macroeconomic Model of the United States’, Board of Governors of the Federal Reserve System Finance and Economics Discussion ... Duca JV, J Muellbauer and A Murphy (2011), ‘House Prices
https://www.rba.gov.au/publications/rdp/2019/2019-01/references.html
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References
23 Aug 2019
RDP
2019-07
Brayton F, T Laubach and D Reifschneider (2014), ‘The FRB/US Model: A Tool for Macroeconomic Policy Analysis’, FEDS Notes, April.
https://www.rba.gov.au/publications/rdp/2019/2019-07/references.html
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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
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
Robust Design Principles for Monetary Policy Committees | Conference – 2018
12 Apr 2018
Conferences
FRB/US does not explicitly model the banking sector or credit market frictions, which are assumed to be purely exogenous. ... See Brayton et al (1997). For the current FRB/US model, see <https://www.federalreserve.gov/econres/us-models-about.htm>.
https://www.rba.gov.au/publications/confs/2018/archer-levin.html
References
29 May 2017
RDP
2017-02
Reifschneider D, R Tetlow and J Williams (1999), ‘Aggregate Disturbances, Monetary Policy, and the Macroeconomy: The FRB/US Perspective’, Federal Reserve Bulletin, 85(1), pp 1–19.
https://www.rba.gov.au/publications/rdp/2017/2017-02/references.html
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