A Multi-sector Model of the Australian Economy

Daniel Rees, Penelope Smith and Jamie Hall
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Jamie Hall: Reserve Bank of Australia

RBA Research Discussion Papers from Reserve Bank of Australia

Abstract: This paper describes the dynamic stochastic general equilibrium (DSGE) model currently in use at the Reserve Bank of Australia. The model extends previous DSGE models of the Australian economy by incorporating multiple production sectors, including a resource sector. We estimate the model, describe its dynamic properties, illustrate its use in scenario analysis and use the model to identify the sources of Australian business cycle fluctuations.

Keywords: monetary policy; small open economy; Bayesian estimation (search for similar items in EconPapers)
JEL-codes: C11 E47 E52 (search for similar items in EconPapers)
Date: 2015-05
New Economics Papers: this item is included in nep-dge and nep-mac
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Citations: View citations in EconPapers (10)

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Related works:
Journal Article: A Multi-sector Model of the Australian Economy (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:rba:rbardp:rdp2015-07

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