This article summarises the academic contributions presented and discussed during the
2016 edition of the Melbourne Institute Macroeconomic Policy Meetings, which focused on …

This paper describes the dynamic stochastic general equilibrium (DSGE) model currently in
use at the Reserve Bank of Australia. The model extends previous DSGE models of the …

The UK economy experienced significant macroeconomic adjustments following the 2016
referendum on its withdrawal from the European Union. To understand these adjustments …

This paper investigates the sources of the current account (CA) imbalances experienced
within the euro area periphery (Greece, Ireland, Portugal and Spain) before the Great …

This paper presents evidence on the macroeconomic adjustment of a resource‐rich country
to a resource boom using the effects of Chinese industrialization on Australia from 1988 to …

In this paper, we review the relationship between inflation rates, nominal interest rates, and
rates of growth of monetary aggregates for a large group of OECD countries. If persistent …

This paper argues that the increasing adoption of information and communication
technologies (ICTs) is a factor that improves the terms of trade of sub-Saharan African (SSA) …

We study the fiscal policy implications of a slowdown in trend growth using an estimated
stochastic growth model. Our analysis underscores the risks associated with fiscal rules …

Exchange rates are important to Australia's economy because they affect trade and financial
flows between Australia and other countries. They also affect how the Reserve Bank …

We build a multi-sector, open economy model that captures the effects of a commodity boom
on unemployment when there is also ongoing structural change. We use Bayesian methods …