Australian Macro-Econometric Models and Their Construction - A Short History
43 Pages Posted: 16 Jul 2019
Date Written: July 16, 2019
The paper provides a short account of the major complete macroeconometric models that have been constructed in Australia. Initially these were by academics but later both the Treasury and Reserve Bank of Australia developed these for policy analysis and forecasting, so that the history focuses a good deal on what was developed in those institutions. The basic strategy of the paper is to set out the modelling themes that were occurring overseas and then to discuss the same variants in Australia. In a number of instances Australian research might be considered to have been well ahead of overseas developments.
Keywords: Macroeconometric Models, DSGE Models
JEL Classification: B23, E17, E27
Suggested Citation: Suggested Citation