A structural model for policy analysis and forecasting: NZSIM

Gunes Kamber, Chris McDonald, Nicholas Sander and Konstantinos Theodoridis

No DP2015/05, Reserve Bank of New Zealand Discussion Paper Series from Reserve Bank of New Zealand

Abstract: We describe the underlying structure of the new forecasting and policy model used at the Reserve Bank of New Zealand. This paper outlines the dynamic stochastic general equilibrium part of the model, which is deliberately kept small so that it is easily understood and applied in the forecasting context. We also discuss the key transmission channels in the model, estimate the model's parameters and evaluate its ability to explain New Zealand data. macroprudential policies.

Pages: 43 p.
Date: 2015-11
New Economics Papers: this item is included in nep-dge and nep-for
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:nzb:nzbdps:2015/05

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