Search: GDP
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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DSGE Reno: Adding a Housing Block to a Small Open Economy Model
6 Apr 2018
RDP
2018-04
Second, the pick-up in housing investment has significantly supported the economy over the past five years, adding a percentage point to GDP growth and a percentage point to inflation, in
https://www.rba.gov.au/publications/rdp/2018/2018-04.html
DSGE Reno: Adding a Housing Block to a Small Open Economy Model
1 Apr 2018
RDP
2018-04
Therefore, the relevant concept of GDP in this case requires a value-added computation. ... Expenditure as a share of GDP. Consumption. 56.9. 55.8. Private investment.
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html
Estimation
6 Apr 2018
RDP
2018-04
Expenditure as a share of GDP. Consumption. 56.9. 55.8. Private investment. ... paper. Figure 6: Forecast Performance by Horizon. Quarterly GDP growth and its components.
https://www.rba.gov.au/publications/rdp/2018/2018-04/estimation.html
The Transmission of Monetary Policy
6 Apr 2018
RDP
2018-04
The decline in GDP, which is within the range of estimates from empirical VAR models (e.g. ... than the response from a model estimated using aggregate GDP (in place of the expenditure components).
https://www.rba.gov.au/publications/rdp/2018/2018-04/the-transmission-of-monetary-policy.html
Appendix B: Transmission of Commodity Price Shocks
6 Apr 2018
RDP
2018-04
Download the Paper 1,668. KB. We analyse the effects of a 10 per cent increase in commodity prices on real GDP and inflation, which are shown in Figure B1. ... Higher commodity prices lead to an expansion in the economy; real GDP increases to be around
https://www.rba.gov.au/publications/rdp/2018/2018-04/appendix-b.html
Appendix A: Data Sources for Estimation
6 Apr 2018
RDP
2018-04
Download the Paper 1,668. KB. GDP: Quarterly percentage change of real gross domestic product, seasonally adjusted and in chain volume terms. ... Source: RBA statistical table I2 Commodity Prices. Foreign GDP: Quarterly percentage change of the real
https://www.rba.gov.au/publications/rdp/2018/2018-04/appendix-a.html
Introduction
6 Apr 2018
RDP
2018-04
Finally, we use the model to assess the contribution of the housing sector to aggregate GDP growth and CPI inflation since the end of the mining boom in 2012. ... Moreover, both papers focus on the quantity and price of the housing stock, not housing
https://www.rba.gov.au/publications/rdp/2018/2018-04/introduction.html
The Model
6 Apr 2018
RDP
2018-04
where π. t. is the CPI inflation rate,. is real GDP (value added measure), Q. ... Therefore, the relevant concept of GDP in this case requires a value-added computation.
https://www.rba.gov.au/publications/rdp/2018/2018-04/the-model.html
Appendix C: Transmission of Exchange Rate Shocks
6 Apr 2018
RDP
2018-04
Our model predicts a slightly larger and more persistent decline in GDP compared to RSH.
https://www.rba.gov.au/publications/rdp/2018/2018-04/appendix-c.html
Conclusion
6 Apr 2018
RDP
2018-04
which have a large weight in GDP and the CPI basket).
https://www.rba.gov.au/publications/rdp/2018/2018-04/conclusion.html