Search: RTWI
RBA Glossary definition for RTWI
RTWI – Real Australian TWI
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The Baseline ECM
31 Dec 2015
RDP
2015-12
is likely to be a more robust positive relationship between the RTWI and the ToT. ... level. Table 1: Baseline RTWI Model. 1986:Q2–2014:Q4. Variables. Constant (μ). 0.41. (0.11).
https://www.rba.gov.au/publications/rdp/2015/2015-12/the-baseline-ecm.html
Modelling the Australian Dollar
8 Oct 2015
RDP
2015-12
This paper outlines an error correction model (ECM) of the Australian dollar real trade-weighted index (RTWI), which is one of the approaches used by Reserve Bank staff as a starting ... Overall, these extensions provide little evidence that the
https://www.rba.gov.au/publications/rdp/2015/2015-12.html
Introduction
31 Dec 2015
RDP
2015-12
Against this background, this paper describes an error correction model (ECM) of the Australian dollar real trade-weighted index (RTWI). ... Nevertheless, the RTWI has on occasion displayed large and/or persistent divergences from the model-implied
https://www.rba.gov.au/publications/rdp/2015/2015-12/introduction.html
Incorporating Australia's Resources Boom
31 Dec 2015
RDP
2015-12
In particular, it tracks the RTWI more closely in 2008 and since 2013. ... the direct effect on domestic demand, relative prices and the RTWI could be relatively limited.
https://www.rba.gov.au/publications/rdp/2015/2015-12/incorporating-australia-resources-boom.html
Incorporating Unconventional Monetary Policy
31 Dec 2015
RDP
2015-12
However, the baseline ECM of the RTWI is unlikely to adequately capture these dynamics. ... Neither the level of, nor the change in, foreign holdings of AGS were found to be significant determinants of the RTWI.
https://www.rba.gov.au/publications/rdp/2015/2015-12/incorporating-unconventional-monetary-policy.html
A Markov-switching Model
31 Dec 2015
RDP
2015-12
t. = 1) is above 50 per cent (Figure 4). However, these episodes are short-lived and appear to be fitting outlying observations – where the RTWI has fallen by a large amount ... Neither the rolling ECM nor the Markov-switching model find conclusive
https://www.rba.gov.au/publications/rdp/2015/2015-12/a-markov-switching-model.html
Appendix A: Out-of-sample Forecasting
31 Dec 2015
RDP
2015-12
Download the Paper 1.39. MB. In assessing the models' out-of-sample performance, actual realised values of the explanatory variables are used to construct forecasts of the RTWI at different ... horizons. Test statistics are then constructed by comparing
https://www.rba.gov.au/publications/rdp/2015/2015-12/appendix-a.html