Australian Macro-Econometric Models and Their Construction - A Short History

43 Pages Posted: 16 Jul 2019

See all articles by Adrian Pagan

Adrian Pagan

University of Sydney; University of Sydney

Date Written: July 16, 2019

Abstract

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

Pagan, Adrian, Australian Macro-Econometric Models and Their Construction - A Short History (July 16, 2019). CAMA Working Paper No. 50/2019. Available at SSRN: https://ssrn.com/abstract=3420527 or http://dx.doi.org/10.2139/ssrn.3420527

Adrian Pagan (Contact Author)

University of Sydney ( email )

Rm 370 Merewether (H04)
Sydney, NSW 2006 2008
Australia

University of Sydney ( email )

Rm 370 Merewether (H04)
Sydney, NSW 2006 2008
Australia

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