RDP 2015-07: A Multi-sector Model of the Australian Economy References

An S and F Schorfheide (2007), ‘Bayesian Analysis of DSGE Models’, Econometric Reviews, 26(2-4), pp 113–172.

Benati L and P Surico (2008), ‘Evolving U.S. Monetary Policy and the Decline of Inflation Predictability’, Journal of the European Economic Association, 6(2/3), pp 634–646.

Buncic D and M Melecky (2008), ‘An Estimated New Keynesian Policy Model for Australia’, Economic Record, 84(264), pp 1–16.

Debelle G (1999), ‘Inflation Targeting and Output Stabilisation’ RBA Research Discussion Paper No 1999-08.

Del Negro M, M Giannoni and C Patterson (2013), ‘The Forward Guidance Puzzle’, Federal Reserve Bank of New York Staff Report No 574.

Del Negro M and F Schorfheide (2013), ‘DSGE Model-Based Forecasting’, in G Elliott and A Timmermann (eds), Handbook of Economic Forecasting: Volume 2A, Handbooks in Economics, Elsevier B.V., Amsterdam, pp 57–140.

Downes P, K Hanslow and P Tulip (2014), ‘The Effect of the Mining Boom on the Australian Economy’, RBA Research Discussion Paper No 2014-08.

Dungey M and A Pagan (2009), ‘Extending a SVAR Model of the Australian Economy’, Economic Record, 85(268), pp 1–20.

Edge RM and RS Gürkaynak (2010), ‘How Useful are Estimated DSGE Models for Central Bankers?’, Brookings Papers on Economic Activity, Fall, pp 209–244.

Eslake S (2011), ‘Productivity: The Lost Decade’, in H Gerard and J Kearns (eds), The Australian Economy in the 2000s, Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp 223–254.

Finlay R and JP Jääskelä (2014), ‘Credit Supply Shocks and the Global Financial Crisis in Three Small Open Economies’, Journal of Macroeconomics, 40, pp 270–276.

Forsyth P (2000), ‘Microeconomic Policies and Structural Change’, in D Gruen and S Shrestha (eds), The Australian Economy in the 1990s, Proceedings of a Conference, Reserve Bank of Australia, Sydney, pp 235–267.

Galí J and T Monacelli (2005), ‘Monetary Policy and Exchange Rate Volatility in a Small Open Economy’, The Review of Economic Studies, 72(3), pp 707–734.

Gürkaynak RS, B Kisacikoǧlu and B Rossi (2013), ‘Do DSGE Models Forecast More Accurately Out-Of-Sample Than VAR Models?’, in TB Fomby, L Kilian and A Murphy (eds), VAR Models in Macroeconomics – New Developments and Applications: Essays in Honor of Christopher A. Sims, Vol 32, Advances in Econometrics, Emerald Group Publishing Limited, Bingley, pp 27–79.

Horvath M (2000), ‘Sectoral Shocks and Aggregate Fluctuations’, Journal of Monetary Economics, 45(1), pp 69–106.

Jääskelä JP and KP Nimark (2011), ‘A Medium-Scale New Keynesian Open Economy Model of Australia’, Economic Record, 87(276), pp 11–36.

Jääskelä JP and P Smith (2013), ‘Terms of Trade Shocks: What Are They and What Do They Do?’, Economic Record, 89(285), pp 145–159.

Justiniano A and B Preston (2010a), ‘Can Structural Small Open-Economy Models Account for the Influence of Foreign Disturbances?’, Journal Of International Economics, 81(1), pp 61–74.

Justiniano A and B Preston (2010b), ‘Monetary Policy and Uncertainty in an Empirical Small Open-Economy Model’, Journal of Applied Econometrics, 25(1), pp 93–128.

Kam T, K Lees and P Liu (2009), ‘Uncovering the Hit List for Small Inflation Targeters: A Bayesian Structural Analysis’, Journal of Money, Credit and Banking, 41(4), pp 583–618.

Kearns J and P Lowe (2011), ‘Australia's Prosperous 2000s: Housing and the Mining Boom’, RBA Research Discussion Paper No 2011-07.

Kent C and J Simon (2007), ‘Productivity Growth: The Effect of Market Regulations’, RBA Research Discussion Paper No 2007-04.

Kulish M and D Rees (2011), ‘The Yield Curve in a Small Open Economy’, Journal Of International Economics, 85(2), pp 268–279.

Kulish M and D Rees (2014), ‘Unprecedented Changes in the Terms of Trade’, Paper presented at the Quantitative Macroeconomics Workshop held by the Reserve Bank of Australia, Sydney, 16–17 December.

Lawson J and D Rees (2008), ‘A Sectoral Model of the Australian Economy’, RBA Research Discussion Paper No 2008-01.

Lubik TA and F Schorfheide (2007), ‘Do Central Banks Respond to Exchange Rate Movements? A Structural Investigation’, Journal of Monetary Economics, 54(4), pp 1069–1087.

Macfarlane IJ (2000), ‘Recent Influences on the Exchange Rate’, RBA Bulletin, December, pp 1–6.

Manalo J, D Perera and DM Rees (in progress), ‘Exchange Rate Movements and the Australian Economy’, Economic Modelling, 47, pp 53–62.

Mishkin FS (2007), ‘Inflation Dynamics’, International Finance, 10(3), pp 317–334.

Nimark KP (2009), ‘A Structural Model of Australia as a Small Open Economy’, The Australian Economic Review, 42(1), pp 24–41.

Rabanal P and V Tuesta (2012), ‘Nontradable Goods and the Real Exchange Rate’, Open Economies Review, 24(3), pp 495–535.

Rees DM, D Lancaster and R Finlay (forthcoming), ‘A State-Space Approach to Australian GDP Measurement’, The Australian Economic Review.

Roberts JM (2006), ‘Monetary Policy and Inflation Dynamics’, International Journal of Central Banking, 2(3), pp 193–230.

Rotemberg JJ (1982), ‘Monopolistic Price Adjustment and Aggregate Output’, The Review of Economic Studies, 49(4), pp 517–531.

Smets F and R Wouters (2003), ‘An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area’, Journal of the European Economic Association, 1(5), pp 1123–1175.

Stevens GR (1999a), ‘Six Years of Inflation Targeting’, RBA Bulletin, May, pp 46–61.

Stevens GR (1999b), ‘Trend and Cycle in the 1990s: Australia's Current Expansion’, RBA Bulletin, November, pp 61–71.

Stockman AC and LL Tesar (1995), ‘Tastes and Technology in a Two-Country Model of the Business Cycle: Explaining International Comovements’, The American Economic Review, 85(1), pp 168–185.