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Decisions in Designing an Australian Macroeconomic Model

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dc.contributor.authorMurphy, Chris
dc.date.accessioned2023-12-12T01:20:50Z
dc.date.issued2020
dc.date.updated2022-09-11T08:16:16Z
dc.description.abstractThis paper discusses the decisions made in designing a new Australian macroeconometric model to be used for both policy analysis and forecasting. Serving these dual functions requires a reasonable level of consistency with both macroeconomic theory (emphasised in New Keynesian dynamic stochastic general equilibrium models) and macroeconomic data (emphasised in vector autoregression models). The key decisions made in modelling household, business, government and foreign behaviour are explained. The design decisions taken are reflected in the new model, which is the latest in a series developed by the author. The use of the latest model is illustrated in optimal control simulations.en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn0013-0249en_AU
dc.identifier.urihttp://hdl.handle.net/1885/309800
dc.language.isoen_AUen_AU
dc.publisherBlackwell Publishing Ltden_AU
dc.rights© 2020 The authorsen_AU
dc.sourceEconomic Recorden_AU
dc.titleDecisions in Designing an Australian Macroeconomic Modelen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.issue314en_AU
local.bibliographicCitation.lastpage270en_AU
local.bibliographicCitation.startpage252en_AU
local.contributor.affiliationMurphy, Chris, College of Asia and the Pacific, ANUen_AU
local.contributor.authoruidMurphy, Chris, u1522349en_AU
local.description.embargo2099-12-31
local.description.notesImported from ARIESen_AU
local.identifier.absfor380112 - Macroeconomics (incl. monetary and fiscal theory)en_AU
local.identifier.ariespublicationa383154xPUB11426en_AU
local.identifier.citationvolume96en_AU
local.identifier.doi10.1111/1475-4932.12534en_AU
local.identifier.scopusID2-s2.0-85082073978
local.identifier.thomsonIDWOS:000520714800001
local.publisher.urlhttps://onlinelibrary.wiley.com/en_AU
local.type.statusPublished Versionen_AU

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