Dungey, Mardi; Pagan, Adrian - National Centre for Econometric Research (NCER) - 2008
Dungey and Pagan (2000) present an SVAR model of the Australian economy which models macro-economic outcomes as transitory deviations from a deterministic trend. In this paper we extend that model in two directions. Firstly, we relate it to an emerging literature on DSGE modelling of small open...