Extending a SVAR model of the Australian economy

Dungey, M; Pagan, AR

Extending a SVAR model of the Australian economy

Dungey, M Pagan, AR

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Publisher:: Blackwell Publishing Ltd
Publication Type:: Journal Article
Citation:: Economic Record, 2009, 85 (268), pp. 1 - 20
Issue Date:: 2009-01

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Field	Value	Language
dc.contributor.author	Dungey, M	en_US
dc.contributor.author	Pagan, AR	en_US
dc.date.issued	2009-01	en_US
dc.identifier.citation	Economic Record, 2009, 85 (268), pp. 1 - 20	en_US
dc.identifier.issn	0013-0249	en_US
dc.identifier.uri	http://hdl.handle.net/10453/15695
dc.description.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 modi?cation has an impact on the design of macroeconomic models	en_US
dc.publisher	Blackwell Publishing Ltd	en_US
dc.relation.ispartof	Economic Record	en_US
dc.relation.isbasedon	10.1111/j.1475-4932.2008.00525.x	en_US
dc.subject.classification	Economics	en_US
dc.title	Extending a SVAR model of the Australian economy	en_US
dc.type	Journal Article
utslib.citation.volume	268	en_US
utslib.citation.volume	85	en_US
utslib.for	1401 Economic Theory	en_US
utslib.for	14 Economics	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.issue	268	en_US
pubs.volume	85	en_US

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 modi?cation has an impact on the design of macroeconomic models

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http://hdl.handle.net/10453/15695