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RBA Glossary definition for GDP

GDP – Gross Domestic Product. A key measure of the value of economic production in the economy. GDP is determined in one of three ways: the value of goods and services produced less the cost of production; the sum of incomes generated by production; the sum of final expenditure on goods and services produced plus exports minus imports. An average of the three approaches may be calculated and is also referred to as GDP.

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Credit Spreads, Monetary Policy and the Price Puzzle

1 Jan 2020 RDP 2020-01
Benjamin Beckers
where. e. t. h. |. t. is the forecast error of annualised underlying inflation, the unemployment rate, or annualised real GDP growth. ... Table 6: Credit Market Conditions and GDP Forecast Errors. 1994:Q1–2018:Q4. Predictor.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html

Credit Market Conditions and the Bank's Forecast Errors

28 Jan 2020 RDP 2020-01
Benjamin Beckers
Table 6: Credit Market Conditions and GDP Forecast Errors. 1994:Q1–2018:Q4. Predictor. ... Footnotes. I account for lags in data availability for inflation, unemployment and real GDP but not for revisions.
https://www.rba.gov.au/publications/rdp/2020/2020-01/credit-market-conditions-and-the-banks-forecast-errors.html

Appendix C: Variable Definitions

28 Jan 2020 RDP 2020-01
Benjamin Beckers
h-quarter-ahead forecast for annualised real GDP growth prior to Board meeting in month t. ... v. Revisions to real GDP forecast h-quarter-ahead since previous Board meeting.
https://www.rba.gov.au/publications/rdp/2020/2020-01/appendix-c.html

Read me

1 Jan 2020 RDP 2020-01
Benjamin Beckers
Gross Domestic Product (GDP): Chain Volume, $m, seasonally adjusted, quarterly (ABS Cat No 5206.0 ‘Australian National Accounts: National Income, Expenditure and Product’). ... Table 5. 03d_fc_err_gdp_allhor.R. Section 4.2: Evaluates predictive
https://www.rba.gov.au/publications/rdp/2020/2020-01/read-me.html

Appendix D: Further Robustness Tests and Results

28 Jan 2020 RDP 2020-01
Benjamin Beckers
I include quarterly inflation, the quarterly growth rate of real GDP, and the change in the unemployment rate unless already included in the autoregressive term.
https://www.rba.gov.au/publications/rdp/2020/2020-01/appendix-d.html

Introduction

28 Jan 2020 RDP 2020-01
Benjamin Beckers
1994:Q1–2018:Q4. Notes: Impulse responses from a recursive SVAR(4) including log underlying CPI, log real GDP, the unemployment rate and a monetary policy variable, in this order; dashed ... Similarly, Sharpe, Sinha and Hollrah (2017) find that
https://www.rba.gov.au/publications/rdp/2020/2020-01/introduction.html

The Cash Rate Response to Credit Market Conditions

28 Jan 2020 RDP 2020-01
Benjamin Beckers
π. t. 2. |. t. f. c. ). , real GDP growth. (.
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-cash-rate-response-to-credit-market-conditions.html

Robustness to Model Misspecification and the GFC Episode

28 Jan 2020 RDP 2020-01
Benjamin Beckers
Throughout, I will focus on the effects on inflation and the unemployment rate since the response of real GDP is unchanged.
https://www.rba.gov.au/publications/rdp/2020/2020-01/robustness-to-model-misspecification-and-the-gfc-episode.html

The Effects of Monetary Policy Shocks on Inflation, Unemployment and Output

28 Jan 2020 RDP 2020-01
Benjamin Beckers
The effects on real GDP are also slightly more contractionary with output falling by around 1 per cent over the first year. ... This comes on the back of an economic boom with real GDP increasing by around 1 per cent.
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-effects-of-monetary-policy-shocks-on-inflation-unemployment-and-output.html