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RBA Glossary definition for GDP

GDP – Gross Domestic Product. A key measure of the value of economic production in the economy. GDP is determined in one of three ways: the value of goods and services produced less the cost of production; the sum of incomes generated by production; the sum of final expenditure on goods and services produced plus exports minus imports. An average of the three approaches may be calculated and is also referred to as GDP.

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Credit Spreads, Monetary Policy and the Price Puzzle

1 Jan 2020 RDP 2020-01
Benjamin Beckers
where. e. t. h. |. t. is the forecast error of annualised underlying inflation, the unemployment rate, or annualised real GDP growth. ... Table 6: Credit Market Conditions and GDP Forecast Errors. 1994:Q1–2018:Q4. Predictor.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
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Extensions

10 Jul 2019 RDP 2019-05
Trent Saunders and Peter Tulip
the level of the detrended credit-to-GDP ratio, or credit gap, and the product of the credit gap and real credit growth, both lagged two years. ... larger in magnitude than –0.6, which would occur if the credit-to-GDP ratio was 6 percentage points
https://www.rba.gov.au/publications/rdp/2019/2019-05/extensions.html
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

20 Aug 2019 RDP PDF 1571KB
In conjunction. with Assumption 1, this means that expenditure components of GDP, like consumption or. ... these variables determine the potential growth rates of GDP, employment and real wages.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf

The GFC Investment Tax Break

25 Jun 2018 RDP 2018-07
David Rodgers and Jonathan Hambur
General equilibrium estimates suggest that both GDP growth and the cash rate would have been significantly lower in 2009 without the tax break.
https://www.rba.gov.au/publications/rdp/2018/2018-07.html
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2.1 Annual Performance Statement for 2022/23

19 Oct 2023 RBA Annual Report – October 2023
Annual Performance Statement for 2022/23 | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/annual-performance-statement.html

Robustness Exercises

3 Jan 2023 RDP 2022-09
Matthew Read
I therefore consider replacing GDP. t. in the VAR with the unemployment rate, UR. ... Figure 11: Impulse Responses – Unemployment. Notes: Estimates obtained under a version of Restriction (6) modified to account for the unemployment rate replacing real
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html
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Banknotes

21 Oct 2021 RBA Annual Report – 2021
As a per cent of nominal GDP, the value of currency in circulation reached a historical high of 4.8 per cent during the year.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banknotes.html

Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

7 Jan 2024 RDP PDF 1715KB
6. The vector t jX is a set of control variables, including one lag of firm-level revenue growth, GDP. ... components of GDP, ordering the shock first, as suggested by Plagborg-Møller and Wolf (2021).
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf

Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

22 Dec 2023 RDP 2023-09
gdp: real gross domestic product level – ABS national accounts. gdp: real gross national expenditure level – ABS national accounts.
https://www.rba.gov.au/publications/rdp/2023/2023-09/read-me.html

5.5 Abbreviations

19 Oct 2023 RBA Annual Report – 2023
G20. Group of Twenty. G-SIB. global systemically important bank. GDP. gross domestic product.
https://www.rba.gov.au/publications/annual-reports/rba/2023/abbreviations.html