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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Terms of Trade Shocks: What are They and What Do They Do?
21 Dec 2011
RDP
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650KB
The responses toa commodity-market specific shock are consistent with a textbook ‘commoditysupply’ shock, where a disruption to the supply of commodities is followed byan increase in commodity prices, a rise ... 3.4.2 Direct versus indirect effects
https://www.rba.gov.au/publications/rdp/2011/pdf/rdp2011-05.pdf
Modelling the Australian Dollar
1 Oct 2015
RDP
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1421KB
7. Céspedes and Sahay (2004) find evidence that commodity prices influence the exchange rates of a number of commodity-exporting economies. ... Additional short-run variables also include the CRB index (a widely followed market-based commodity price
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-12.pdf
Online Appendices: China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
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1223KB
RDP 2019-11 online appendices
https://www.rba.gov.au/publications/rdp/2019/2019-11/rdp-2019-11-online-appendices.pdf
Macroeconomic Consequences of Terms of Trade Episodes, Past and Present
4 Feb 2015
RDP
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629KB
JEL Classification Numbers: E30, E60, N17 Keywords: commodity prices, terms of trade, macroeconomic policy. ... 6. Figure 3: Commodity Prices US$ terms, relative to US GDP deflator, 1970 = 100, log scale.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-01.pdf
A Medium-scale Open Economy Model of Australia
18 May 2009
RDP
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877KB
Production evolves with thesame stochastic trend as other real variables. The commodity producer is a perfectly competitiveprice-taker; the price and demand for commodities are determined completely exogenously inthe foreign market. ... Commodity price
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-07.pdf
Co-movement in Inflation
28 Jan 2015
RDP
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814KB
Commodity prices are largely determined in global markets, and so large price fluctuations can be experienced in a number of economies at the same time. ... We also include oil and non-fuel commodities prices (in SDR terms).5 Initially we treat the
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-01.pdf
Exchange Rate Movements and the Australian Economy
4 Feb 2015
RDP
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1416KB
7. relationship could lead us to mistakenly attribute the impact of commodity price movements to pure exchange rate shocks. ... However, growth in emerging economies, which has been associated with ongoing strength in commodity prices, has supported
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-11.pdf
Wage Growth Puzzles and Technology
21 Sep 2018
RDP
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1423KB
Wage price index forecasts, year-ended. Note: February Statement on Monetary Policy forecasts. ... growth; globalisation; automation; hysteresis; more permanently anchored price expectations flowing from the move.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-10.pdf
The Effect of the Mining Boom on the Australian Economy
4 Feb 2015
RDP
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2067KB
Note: RBA non-rural commodity price index in SDRs divided by G7 consumer prices. ... For domestic non-commodity industries, price changes are relatively small. 25. Figure 17: Effects of the Mining Boom on Industry Output (Value-added) Prices.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-08.pdf
Operating Objectives for Monetary Policy
19 Nov 2012
RDP
PDF
839KB
Total production: n x. (3) Yt = A.yt (1-A.)yt. Product price index: n x. ... Pt = A.pt (1-A.)pt (4). Consurnption price index: c n nl.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9007.pdf