Munich Personal RePEc Archive

An estimated New Keynesian policy model for Australia

Buncic, Daniel and Melecky, Martin (2007): An estimated New Keynesian policy model for Australia.

There is a more recent version of this item available.
[thumbnail of MPRA_paper_4138.pdf]

Download (358kB) | Preview


An open economy New Keynesian policy model for Australia is estimated in this study. We investigate how important external shocks are as a source of macroeconomic fluctuations when compared to domestic ones. The results of our analysis suggest that the Australian business cycle and domestic inflation are most affected by domestic demand and supply shocks, respectively. However, domestic output also appears to be strongly affected by foreign demand shocks, and domestic inflation by exchange rate shocks. Domestic variables do not seem to be significantly affected by foreign supply and monetary policy shocks.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.