Search: SOEs

Sort by: Relevance Date
1–9 of 9 collapsed search results for SOEs

RBA Glossary definition for SOEs

SOEs – state owned enterprises

Search Results

Appendix A: Derivations for Bivariate SVAR

11 Oct 2022 RDP 2022-04
Matthew Read
so. η. 1. ,. 1. ,. 0. [. 0. ,. σ. 11. ]. The expression for the identified set for. η. ... 21. is unbounded, so unbounded identified sets may also arise when the unit-effect normalisation is directly imposed.
https://www.rba.gov.au/publications/rdp/2022/2022-04/appendix-a.html

The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions

11 Oct 2022 RDP 2022-04
Matthew Read
so the set of posterior medians is unbounded. By similar logic, the set of posterior. ... is such that. σ. 21. 0. ,. so the true identified set is unbounded.
https://www.rba.gov.au/publications/rdp/2022/2022-04/full.html

Appendix B: Proofs of Propositions

11 Oct 2022 RDP 2022-04
Matthew Read
η. 1. ,. 1. ,. 0. (. ϕ. |. S. ,. F. ). ,. so there exists. δ. >. 0. such that. ... since. S. (. ϕ. ). has full rank), so by Gordan's Theorem (e.g.
https://www.rba.gov.au/publications/rdp/2022/2022-04/appendix-b.html

Introduction

11 Oct 2022 RDP 2022-04
Matthew Read
Unbounded identified sets for unit impulse responses will also arise in other settings, so some of the results in this paper are applicable more broadly. ... Conditional on the reduced-form parameters, the likelihood function is flat with respect to the
https://www.rba.gov.au/publications/rdp/2022/2022-04/introduction.html

Appendix C: Description of Numerical Algorithms

11 Oct 2022 RDP 2022-04
Matthew Read
k. |. S. ,. F. ). is empty. If so, return to Step 1. ... The numerical methods used to obtain the results under these restrictions are computationally burdensome, so I base the results on 1,000 (rather than 10,000) draws of.
https://www.rba.gov.au/publications/rdp/2022/2022-04/appendix-c.html

Checking for Unboundedness in SVARs

11 Oct 2022 RDP 2022-04
Matthew Read
0. 0. means that s = n = 2, so the condition in Proposition 4.2 is satisfied and the identified set for. ... Q. (. ϕ. |. S. ˜. ,. F. ˜. ). ,. is non-empty. The rationale underlying Proposition 4.3 is straightforward, so I omit a formal proof.
https://www.rba.gov.au/publications/rdp/2022/2022-04/checking-for-unboundedness-in-svars.html

The Unit-effect Normalisation in a Bivariate SVAR

11 Oct 2022 RDP 2022-04
Matthew Read
so the set of posterior medians is unbounded. By similar logic, the set of posterior. ... is such that. σ. 21. 0. ,. so the true identified set is unbounded.
https://www.rba.gov.au/publications/rdp/2022/2022-04/the-unit-effect-normalisation-in-a-bivariate-svar.html

Ruling Out Unboundedness Using Alternative Restrictions

11 Oct 2022 RDP 2022-04
Matthew Read
One possibility is to directly restrict the impact response of the federal funds rate to a standard deviation monetary policy shock so that it is greater than some (strictly positive) number ... so bounding. F. E. V. D. i. ,. j. ,. 0. (. ϕ. ,. Q. ).
https://www.rba.gov.au/publications/rdp/2022/2022-04/ruling-out-unboundedness-using-alternative-restrictions.html

The Effects of a 100 Basis Point Federal Funds Rate Shock

11 Oct 2022 RDP 2022-04
Matthew Read
per cent, so there is considerable posterior probability assigned to very large declines in output. ... 0. ) and two zero restrictions, so the total number of restrictions is equal to the number of variables in the VAR.
https://www.rba.gov.au/publications/rdp/2022/2022-04/the-effects-of-a-100-basis-point-federal-funds-rate-shock.html