Inventories and the Business Cycle in Australia and the U.S. The project looks at the contribution that inventories make to business cycles in Australia and the U.S. It uses recent research by the chief investigator on measuring business cycles in order to explain how the presence of inventories in an economic system might influence activity in that system. It then adapts an existing model in the literature to quantify the role of inventories in the Australian and U.S business cycles.. It seeks ....Inventories and the Business Cycle in Australia and the U.S. The project looks at the contribution that inventories make to business cycles in Australia and the U.S. It uses recent research by the chief investigator on measuring business cycles in order to explain how the presence of inventories in an economic system might influence activity in that system. It then adapts an existing model in the literature to quantify the role of inventories in the Australian and U.S business cycles.. It seeks to answer a number of questions that have arisen in recent years over whether the business cycle is becoming longer owing to improved methods of inventory controlRead moreRead less
Empirical and Theoretical Coherence of Macroeconometric Models. Variants of the G-Cubed models are used by researchers, governments and international institutions for policy analysis. The need for policy makers to have models with substantial structural detail and a strong theoretical base is paramount for transparency and accountability. The development of simple SVAR models which capture these theoretical underpinnings will provide Australian policy makers with an effective tool for economic a ....Empirical and Theoretical Coherence of Macroeconometric Models. Variants of the G-Cubed models are used by researchers, governments and international institutions for policy analysis. The need for policy makers to have models with substantial structural detail and a strong theoretical base is paramount for transparency and accountability. The development of simple SVAR models which capture these theoretical underpinnings will provide Australian policy makers with an effective tool for economic analysis. It will also provide powerful tools that enable forecasting and detailed policy analysis within the same broad conceptual framework. The emphasis is on international and financial market linkages which encompass key issues facing the Australian economy.Read moreRead less