Search: Index of Commodity Prices
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 Response to News
31 Dec 2001
RDP
2001-03
Instead, we estimated VARs of the AUD/USD and NZD/USD with the CRB Commodity Price Index, which is intended to proxy for the effects of global shocks on commodity-exporting ... Westpac Banking Corporation produces a real-time commodity price index that
https://www.rba.gov.au/publications/rdp/2001/2001-03/response-to-news.html
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The Model
8 Jan 2010
RDP
2009-10
RDP 2009-10: Global Relative Price Shocks: The Role of Macroeconomic Policies 4. ... We also assume that tax rates and the shares of government spending devoted to each commodity remain unchanged.
https://www.rba.gov.au/publications/rdp/2009/2009-10/model.html
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The Effect of the Mining Boom on the Broader Economy
31 Dec 2011
RDP
2011-08
As noted earlier, much of this reflected the rise in global commodity prices, although increases in mining output also played a part. ... Reflecting this trend, the price index for materials and services used in coal mining for instance – such as
https://www.rba.gov.au/publications/rdp/2011/2011-08/effect-mining-boom.html
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Estimation
31 Dec 2010
RDP
2010-03
Empirical papers on inflation in different countries typically use headline measures of inflation (based on either the consumer price index or the household consumption price index). ... For real unit labour costs, we deviate from the practice in some of
https://www.rba.gov.au/publications/rdp/2010/2010-03/estimation.html
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References
9 Dec 2014
RDP
2014-01
The Economic Record. , 87(277), pp 202–220. Bhattacharyya S and JG Williamson (2011), ‘Commodity Price Shocks and the Australian Economy since Federation’,. ... Pfaffenzeller S, P Newbold and A Rayner (2007), ‘A Short Note on Updating the Grilli
https://www.rba.gov.au/publications/rdp/2014/2014-01/references.html
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Concluding Remarks: Lessons for the Region at Large
31 Dec 2004
RDP
2004-03
In contrast, Cashin, Cespedes and Sahay (2002) fail to find a significant correlation between a similar index of commodity prices and the real exchange rate in Chile (at least over the ... In recent years, Chile has begun moving to an Australian-style
https://www.rba.gov.au/publications/rdp/2004/2004-03/concluding-remarks-lessons-for-the-region-at-large.html
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The Effect of Zoning on Housing Prices
1 Mar 2018
RDP
2018-03
itself is the main cause of high land values and housing prices – and instead point towards a high ‘shadow price’ of government permission to build dwellings as a likely explanation. ... To extend our estimates of structure value back in time, we
https://www.rba.gov.au/publications/rdp/2018/2018-03/full.html
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The Next 25 Years
1 Dec 2015
RDP
2015-09
Replacing CPI inflation with non-tradeable inflation as the target measure, for example, would largely abstract from commodity price and exchange rate movements. ... A dual mandate would provide flexibility to accommodate persistent commodity price or
https://www.rba.gov.au/publications/rdp/2015/2015-09/next-years.html
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Wage Growth Puzzles and Technology
1 Sep 2018
RDP
2018-10
Wage price index forecasts, year-ended. Note: February Statement on Monetary Policy forecasts. ... Cockerell and Russell (1995, p 4) noted the following:. Modelling the Australian economy using a price taking model is inconsistent with the observation
https://www.rba.gov.au/publications/rdp/2018/2018-10/full.html
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A Model
1 Nov 1995
RDP
9508
First, there is a direct price effect. Provided α > 0 an increase in exportable prices will contribute directly to domestic inflation. ... This nominal appreciation has four consequences. First, it substantially modifies the direct price effect of
https://www.rba.gov.au/publications/rdp/1995/9508/model.html
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