RDP 8802: Var Forecasting Models of the Australian Economy: A Preliminary Analysis Data Appendix
January 1988
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| GDPNF | – |
Gross non-farm product, seasonally adjusted 1979–80 prices Australian Bureau of Statistics (ABS) Quarterly Estimates, December 1985 |
| C | – |
Final private consumption expenditure, seasonally adjusted, 1979–80 prices; ABS Quarterly Estimates, December 1985 |
| I | – |
Gross fixed private capital expenditure, seasonally adjusted 1979–80 prices; ABS Quarterly Estimates, December 1985 |
| X | – |
Exports of goods and services, seasonally adjusted, 1979–80 prices; ABS Quarterly Estimates, December 1985 |
| M | – |
Imports of goods and services, seasonally adjusted, 1979–80 prices; ABS Quarterly Estimates, December 1985 |
| BCSA | – |
Balance on current account (end quarter), current price, seasonally adjusted; ABS Quarterly Estimates, December 1985 |
| CPI | – | Consumer price index, all items, base 1980–81=100; ABS 6401.0 |
| WE | – |
Average weekly earnings per person (prior to 81(4) males only), seasonally adjusted; ABS 6301.0 or 6302.0 |
| NE | – |
Employment, ′000s of persons (Mid-month of quarter), seasonally adjusted; ABS Labour Force Survey 6202.0 or 6203.0; (prior 1969(3), data from internal sources). |
| NU | – | Unemployment, ′000s of persons, seasonally adjusted; Commonwealth Employment Service basis. |
| AO | – |
All Ordinaries index, 31 December 1979=500 (average of daily figures, mid month of quarter); Reserve Bank of Australia Bulletin |
| TWI | – |
Trade-weighted index of average value of Australian dollar vis-a-vis currencies of Australia's trading partners, May 1970=100; Reserve Bank of Australia Bulletin. (Rates prior to June 1970 constructed using weights based on visible trade for 1971–72 and IMF par values of exchange rates, as published in International Financial Statistics Vol.24. For method of calculation, see: “The Trade Weighted Index of value of the Australian Dollar” Reserve Bank of Australia Bulletin, April 1984 pp.696–697.) |
| IINF | – |
Increase in private non-farm stocks, seasonally adjusted, 1979–80 prices; ABS Quarterly Estimates, December 1985. |
| RBILL | – |
Buying rate, 90 day bank accepted bills, (end month of quarter); for details see note (c), Table J1, RBA Bulletin |
| M3 | – | M3 money supply, seasonally adjusted (mid-month of quarter); Table A.1, RBA Bulletin |
All series run from March 1960 to December 1985. Actual values used for comparison with forecast are taken from June 1987 Quarterly Estimates of National Income and Expenditure and RBA Bulletin Database.