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Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/20423
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dc.contributor.authorLeu, Shawnen
dc.date.accessioned2017-04-12T16:22:00Z-
dc.date.issued2011-
dc.identifier.citationEconomic Modelling, 28(1-2), p. 157-168en
dc.identifier.issn1873-6122en
dc.identifier.issn0264-9993en
dc.identifier.urihttps://hdl.handle.net/1959.11/20423-
dc.description.abstractWe estimate an SVAR model for the Australian economybased on an open economy New Keynesian model that accounts for the forward-looking behaviour exhibited by economic agents. Deep structural parameters are identified by placing exclusion restrictions on the VAR residuals and the covariance matrix. Dynamic responses show no price and exchange rate puzzles and indicate that the Reserve Bank of Australia (RBA) stabilises output fluctuations in the short run while maintaining a medium-run inflation target since 1984. Aggregate demand shocks are found to be driven by external demands. The RBA exercises caution in responding to aggregate supply shocksen
dc.languageenen
dc.publisherElsevier BVen
dc.relation.ispartofEconomic Modellingen
dc.titleA New Keynesian SVAR model of the Australian economyen
dc.typeJournal Articleen
dc.identifier.doi10.1016/j.econmod.2010.09.015en
dc.subject.keywordsTime-Series Analysisen
dc.subject.keywordsMacroeconomics (incl. Monetary and Fiscal Theory)en
dc.subject.keywordsMacroeconomic Theoryen
local.contributor.firstnameShawnen
local.subject.for2008140212 Macroeconomics (incl. Monetary and Fiscal Theory)en
local.subject.for2008140305 Time-Series Analysisen
local.subject.for2008140102 Macroeconomic Theoryen
local.subject.seo2008910108 Monetary Policyen
local.subject.seo2008910104 Exchange Ratesen
local.subject.seo2008910199 Macroeconomics not elsewhere classifieden
local.profile.schoolUNE Business Schoolen
local.profile.emailcleu@une.edu.auen
local.output.categoryC1en
local.record.placeauen
local.record.institutionUniversity of New Englanden
local.identifier.epublicationsrecordune-20170311-202731en
local.publisher.placeNetherlandsen
local.format.startpage157en
local.format.endpage168en
local.identifier.scopusid78650252280en
local.peerreviewedYesen
local.identifier.volume28en
local.identifier.issue1-2en
local.contributor.lastnameLeuen
dc.identifier.staffune-id:cleuen
local.profile.orcid0000-0002-3620-537Xen
local.profile.roleauthoren
local.identifier.unepublicationidune:20618en
dc.identifier.academiclevelAcademicen
local.title.maintitleA New Keynesian SVAR model of the Australian economyen
local.output.categorydescriptionC1 Refereed Article in a Scholarly Journalen
local.search.authorLeu, Shawnen
local.uneassociationUnknownen
local.year.published2011en
local.subject.for2020380302 Macroeconomic theoryen
local.subject.for2020380205 Time-series analysisen
local.subject.for2020380112 Macroeconomics (incl. monetary and fiscal theory)en
local.subject.seo2020150208 Monetary policyen
local.subject.seo2020150204 Exchange ratesen
local.subject.seo2020150299 Macroeconomics not elsewhere classifieden
local.codeupdate.date2021-12-09T11:16:10.336en
local.codeupdate.epersoncleu@une.edu.auen
local.codeupdate.finalisedtrueen
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