RDP 1999-11: A Structural Vector Autoregression Model of Monetary Policy in Australia
Equation (5)
B
0
x
t
=
[
1
−
b
21
0
1
−
b
31
0
0
1
−
b
41
0
0
−
b
43
0
1
0
0
−
b
53
0
−
b
54
0
1
−
b
56
0
−
b
61
0
0
0
0
−
b
65
0
1
−
b
67
0
−
b
71
0
−
b
72
0
−
b
73
0
−
b
74
0
−
b
75
0
−
b
76
0
1
]
[
o
t
∗
i
t
∗
y
t
p
t
m
t
i
t
e
t
]
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