We develop an 11-variable structural VAR for the Australian economy over the period 1980 to 1998. The VAR methodology has only relatively recently been applied in the Australian context, despite its popularity in quantitative macroeconomics internationally. Our model includes an overseas sector which distinguishes between goods and asset markets so as to disentangle the effects of shocks emanating from each source. We utilize our model to dissect the Australian growth cycle into its separate influences and to study the Asian crisis. Throughout there is a strong emphasis upon identifying the impact of monetary policy.

Item Type:	Refereed Article
Research Division:	Economics
Research Group:	Econometrics
Research Field:	Economic Models and Forecasting
Objective Division:	Economic Framework
Objective Group:	Macroeconomics
Objective Field:	Monetary Policy
UTAS Author:	Dungey, MH (Professor Mardi Dungey)
ID Code:	57025
Year Published:	2000
Web of Science® Times Cited:	85
Deposited By:	Economics and Finance
Deposited On:	2009-06-12
Last Modified:	2009-06-16
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