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- W1907178946 abstract "We estimate an open economy dynamic stochastic general equilibrium (DSGE)model of Australia with a number of shocks, frictions and rigidities, matching alarge number of observable time series. We find that both foreign and domesticshocks are important drivers of the Australian business cycle.We also find that theinitial impact on inflation of an increase in demand for Australian commoditiesis negative, due to an improvement in the real exchange rate, though there is apersistent positive effect on inflation that dominates at longer horizons." @default.
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- W1907178946 date "2008-12-01" @default.
- W1907178946 modified "2023-09-27" @default.
- W1907178946 title "A Medium-scale Open Economy Model of Australia" @default.
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