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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 |
| UTAS Author: | Dungey, MH (Professor Mardi Dungey) |
| ID Code: | 56984 |
| Year Published: | 2009 |
| Web of Science® Times Cited: | 41 |
| Deposited By: | Economics and Finance |
| Deposited On: | 2009-06-11 |
| Last Modified: | 2014-11-06 |
| Downloads: | 0 |
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