Extending an SVAR Model of the Australian Economy

Mardi Dungey () and Adrian Rodney Pagan

No 21, NCER Working Paper Series from National Centre for Econometric Research

Abstract: Dungey and Pagan (2000) present an SVAR model of the Australian economy which models macro-economic outcomes as transitory deviations from a deterministic trend. In this paper we extend that model in two directions. Firstly, we relate it to an emerging literature on DSGE modelling of small open economies. Secondly, we allow for both transitory and permanent components in the series and show how this modification has an impact upon the design of macroeconomic models.

New Economics Papers: this item is included in nep-cba and nep-mac
Date: 2008-01-10
View list of references

Forthcoming

Downloads: (external link)
http://www.ncer.edu.au/papers/documents/WpNo21Jan08.pdf (application/pdf)

Related works:
Journal Article: Extending a SVAR Model of the Australian Economy (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:qut:auncer:2008-1

Access Statistics for this paper

More papers in NCER Working Paper Series from National Centre for Econometric Research
Contact information at EDIRC.
Series data maintained by School of Economics and Finance ().