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RDP 2015-07: A Multi-sector Model of the Australian Economy Appendix D: Smoothed Shocks

In RDP 2015-07

Introduction
The Model
Estimation
The Dynamics of the Estimated Model
The Model in Action: Scenario Analysis
What has Driven the Australian Business Cycle?
Conclusion
Appendix A: The Log-linearised Model
Appendix B: Data Sources and Definitions
Appendix C: Posterior and Prior Distributions
Appendix D: Smoothed Shocks
References

Daniel Rees, Penelope Smith and Jamie Hall

May 2015 – ISSN 1448-5109 (Online)

Download the Paper 1.28MB

Figure D1: Kalman Smoothed Shocks – Foreign Block

Figure D2: Kalman Smoothed Shocks – Domestic Block

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