Modelling inflation in Australia
This paper develops an empirically constant, data-coherent, error correction model for inflation in Australia. The level of consumer prices is a mark-up over domestic and import costs, with adjustments for dynamics and relative aggregate demand. We address issues of cointegration, general to specific modelling, dynamic specification, model evaluation and testing, parameter constancy, and exogeneity. We also test this model against existing models of Australian prices: this model encompasses...[Show more]
|Collections||ANU Research Publications|
|2489-01.2004-04-08T00:43:04Z.xsh||352 B||EPrints MD5 Hash XML|
|RDP9510.pdf||288.49 kB||Adobe PDF|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.