Search: aggregate supply
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RBA Glossary definition for aggregate supply
aggregate supply – Gross domestic product as measured by the value of goods and services produced.
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Did Labour Market Concentration Lower Wages Growth Pre-COVID?
1 Mar 2023
RDP
2023-02
Some papers use instruments to help identify exogenous changes in market power/supply elasticity. ... It also suggests that aggregate concentration measures may not be sufficient to consider changes in local labour market power.
https://www.rba.gov.au/publications/rdp/2023/2023-02/full.html
Literature
1 Mar 2023
RDP
2023-02
Footnotes. More precisely, it reflects the elasticity of the labour supply curve facing the firm. ... Berger et al (2021) derive a general equilibrium model with finite firms and inelastic labour supply across and within firms, which leads to similar
https://www.rba.gov.au/publications/rdp/2023/2023-02/literature.html
Why has the impact of concentration increased?
1 Mar 2023
RDP
2023-02
For example, in the Berger et al (2021) model they allow for differentiation in supply of labour across, as well as within industries.
https://www.rba.gov.au/publications/rdp/2023/2023-02/why-has-the-impact-of-concentration-increased.html