Search: GDP
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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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
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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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
Robustness Exercises
3 Jan 2023
RDP
2022-09
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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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
Appendix A: Model Specifications
20 Sep 2022
RDP
2022-03
The model updates default rates based on changes in year-ended GDP growth. (. ... G. D. P. Y. E. ,. t. ). which are constructed from quarterly GDP growth.
https://www.rba.gov.au/publications/rdp/2022/2022-03/appendix-a.html
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Conclusion
22 Mar 2023
RDP
2023-03
Accounting only for the very direct effect this would have in lowering aggregate MFP, our estimates suggest that in 2017 GDP was around $13 billion, or $550 per person, lower than
https://www.rba.gov.au/publications/rdp/2023/2023-03/conclusion.html
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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
16 Mar 2023
RDP
PDF
1288KB
cent of GDP) larger, equating to around $550 per person or $1,000 per worker.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-03.pdf
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
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1886KB
Notes: Restrictions on coefficients in the monetary policy reaction function (real GDP, CPI and TWI). ... GDP, CPI and TWI). Impulse responses are to a positive, standard deviation monetary policy shock.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
Financial Conditions and Downside Risk to Economic Activity in Australia
17 Mar 2021
RDP
PDF
1966KB
informative than current GDP growth in explaining the quantiles of future GDP growth. ... consistent with those for GDP growth. Generally, more restrictive current financial conditions have.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-03.pdf