SDS-FPS: A small demand-side version of the forecasting and policy system core model

نویسنده

  • David Hargreaves
چکیده

This paper describes the development of SDS-FPS, which is a small demand-side model calibrated to match some of the dynamic properties of the Reserve Bank’s Forecasting and Policy System (FPS) Core Model. SDS-FPS is capable of matching the dynamic properties of FPS for a wide range of disturbances, despite lacking relative prices, having no explicit supply side, and having the entire demand side described by a single IS equation. The calibration of SDS-FPS has also provided some insights into the features of FPS that cannot be replicated in a small demandside model.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

A forecasting system by considering product reliability, POQ policy, and periodic demand

This paper presents an economic production quantity (EPQ) model with a periodic order quantity (POQ) policy, product reliability and periodic demand. The machine reliability has decreased over time; therefore, the rates of perfect and defective products reduce and increase over time, respectively. A fixed percentage of these products are reworked while the rest is wasted. Some equipment in thei...

متن کامل

Application of Discrete 3-level Nested Logit Model in Travel Demand Forecasting as an Alternative to Traditional 4-Step Model

This paper aims to introduce a new modelling approach that represents departure time, destination and travel mode choice under a unified framework. Through it, it is possible to overcome shortages of the traditional 4-step model associated with the lack of introducing actual travellers’ behaviours. This objective can be achieved through adopting discrete 3-level Nested Logit model that represen...

متن کامل

Threshold F-policy and N-policy for multi-component machining system with warm standbys

The integration of marketing and demand with logistics and inventories (supply side of companies) may cause multiple improvements; it can revolutionize the management of the revenue of rental companies, hotels, and airlines. In this paper, we develop a multi-objective pricing-inventory model for a retailer. Maximizing the retailer's profit and the service level are the objectives, and shorta...

متن کامل

A novel bi-objective reliable location routing model considering impedance function under demand-side and supply-side uncertainty (A Case study)

Reliable location routing problem considers a location problem and a vehicle routing problem in order to select the optimal location of facilities and at the same time the optimal routes for vehicles considering the unexpected failure for facilities in which, all facilities may fail with a probability. In this paper, a bi-objective mathematical model has been developed to minimize the total cos...

متن کامل

Comparing supply side and demand side options for electrifying a local area using life cycle analysis of energy technologies and demand side programs

The main aim of this paper is to select the best portfolio of renewable energy technologies (RETs) for electrifying an elected area which is not connected to any other grids. Minimizing total costs of the system is considered as the main factor in finding the best decision. In order to make the optimum plan more applicable, the technique of life cycle analysis is applied. This technique takes i...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 1999