The impact of US housing demand and supply shocks on the Australian economy: Analysis implementing a SVAR model

Manning, P

The impact of US housing demand and supply shocks on the Australian economy: Analysis implementing a SVAR model

Manning, P

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Publisher:: Wiley
Publication Type:: Journal Article
Citation:: Australian Economic Papers, 2024, 63, (S1), pp. 79-88
Issue Date:: 2024-05

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Field	Value	Language
dc.contributor.author	Manning, P
dc.date.accessioned	2025-03-30T07:09:44Z
dc.date.available	2025-03-30T07:09:44Z
dc.date.issued	2024-05
dc.identifier.citation	Australian Economic Papers, 2024, 63, (S1), pp. 79-88
dc.identifier.issn	0004-900X
dc.identifier.issn	1467-8454
dc.identifier.uri	http://hdl.handle.net/10453/186306
dc.description.abstract	Abstract This thesis develops an open economy structural vector autoregression model to determine how the Australian economy is affected by both a US housing demand shock and a US housing supply shock. Previous literature has either grouped Australia with other economies or has excluded Australia altogether. This leaves a significant literature gap in explaining how the Australian economy is solely impacted. The results of the model indicate both a US housing demand and a US housing supply shock significantly impact the Australian economy, with the most significant being the impact of a US house price shock upon Australian GDP which is large and persistent over time. The results contribute to the understanding of how Australian policymakers should incorporate the US housing market into policy decisions and central bank modelling.
dc.language	en
dc.publisher	Wiley
dc.relation.ispartof	Australian Economic Papers
dc.relation.isbasedon	10.1111/1467-8454.12348
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	14 Economics, 15 Commerce, Management, Tourism and Services
dc.subject.classification	Economics
dc.subject.classification	35 Commerce, management, tourism and services
dc.subject.classification	38 Economics
dc.title	The impact of US housing demand and supply shocks on the Australian economy: Analysis implementing a SVAR model
dc.type	Journal Article
utslib.citation.volume	63
utslib.for	14 Economics
utslib.for	15 Commerce, Management, Tourism and Services
pubs.organisational-group	University of Technology Sydney
pubs.organisational-group	University of Technology Sydney/Faculty of Arts and Social Sciences
utslib.copyright.status	open_access	*
pubs.consider-herdc	true
dc.rights.license	This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0). To view a copy of this license, visit https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.date.updated	2025-03-30T07:09:42Z
pubs.issue	S1
pubs.publication-status	Published
pubs.volume	63
utslib.citation.issue	S1

Abstract:

Abstract This thesis develops an open economy structural vector autoregression model to determine how the Australian economy is affected by both a US housing demand shock and a US housing supply shock. Previous literature has either grouped Australia with other economies or has excluded Australia altogether. This leaves a significant literature gap in explaining how the Australian economy is solely impacted. The results of the model indicate both a US housing demand and a US housing supply shock significantly impact the Australian economy, with the most significant being the impact of a US house price shock upon Australian GDP which is large and persistent over time. The results contribute to the understanding of how Australian policymakers should incorporate the US housing market into policy decisions and central bank modelling.

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http://hdl.handle.net/10453/186306