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Extending a SVAR Model of the Australian Economy

Citation

Dungey, MH and Pagan, A, Extending a SVAR Model of the Australian Economy, The Economic Record, 85, (268) pp. 1-20. ISSN 0013-0249 (2009) [Refereed Article]


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The definitive published version is available online at: http://www.interscience.wiley.com

Official URL: http://www.interscience.wiley.com

DOI: doi:10.1111/j.1475-4932.2008.00525.x

Abstract

Dungey and Pagan (2000) present a SVAR model of the Australian economy which models macroeconomic outcomes as transitory deviations from a deterministic trend. In this paper we extend that model in two directions. First, we relate it to an emerging literature on Dynamic Stochastic General Equilibrium modelling of small open economies. Second, we allow for both transitory and permanent components in the series and show how this modification has an impact on the design of macroeconomic models.

Item Details

Item Type:Refereed Article
Keywords:C51 E52
Research Division:Economics
Research Group:Applied Economics
Research Field:Macroeconomics (incl. Monetary and Fiscal Theory)
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Monetary Policy
Author:Dungey, MH (Professor Mardi Dungey)
ID Code:56984
Year Published:2009
Web of Science® Times Cited:26
Deposited By:Economics and Finance
Deposited On:2009-06-11
Last Modified:2014-11-06
Downloads:0

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