Search: Index of Commodity Prices

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RBA Glossary definition for Index of Commodity Prices

Index of Commodity Prices – A Reserve Bank of Australia-compiled index which provides a measure of price movements in rural and non-rural (including base metals) commodities in Australian Dollars (AUD), Special Drawing Rights (SDR) and United States Dollars (USD).

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The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions

11 Oct 2022 RDP 2022-04
Matthew Read
the price elasticity of demand). When. σ. 21. 0. ,. the identifying restrictions do not rule out the possibility that the demand curve is horizontal (which occurs when. ... The fall in quantity required for price to fall by 1 per cent can be made
https://www.rba.gov.au/publications/rdp/2022/2022-04/full.html

The Effects of a 100 Basis Point Federal Funds Rate Shock

11 Oct 2022 RDP 2022-04
Matthew Read
t. ), a commodity price index (COM. t. ), total reserves (TR. ... and GDPDEF. t. such that the Federal Reserve does not increase the federal funds rate in response to lower output or prices, which is consistent with the types of policy rules
https://www.rba.gov.au/publications/rdp/2022/2022-04/the-effects-of-a-100-basis-point-federal-funds-rate-shock.html