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A New Keynesian SVAR model of the Australian economy

✍ Scribed by Shawn Chen-Yu Leu

Book ID
116424147
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
755 KB
Volume
28
Category
Article
ISSN
0264-9993

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## Abstract This paper develops a New‐Keynesian Dynamic Stochastic General Equilibrium (NKDSGE) model for forecasting the growth rate of output, inflation, and the nominal short‐term interest rate (91 days Treasury Bill rate) for the South African economy. The model is estimated via maximum likelih