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RBA Glossary definition for depreciation

depreciation – A fall in the value of an asset. In foreign-exchange terms, it is a relative decrease in the value of one currency compared to another.

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The Model of Price Determination

1 Dec 1987 RDP 8713
Tony Richards and Glenn Stevens
RDP 8713: Estimating the Inflationary Effects of Depreciation 3. The Model of Price Determination.
https://www.rba.gov.au/publications/rdp/1987/8713/the-model-of-price-determination.html