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).
Search Results
Implications of Higher and More Volatile Commodity Prices
25 Sep 2015
RDP
2015-11
The forecasts and actual outcomes align closely. That is, recent commodity price developments are consistent with the idea that although a large part of the boom in commodity prices was temporary, ... Second, the sensitivity of Australian economic
https://www.rba.gov.au/publications/rdp/2015/2015-11/implications-of-higher-and-more-volatile-commodity-prices.html
Appendix A: Model
1 Dec 2015
RDP
2015-11
is the differential growth rate of foreign production of commodities. The drift in the relative price of commodities reflects the relative productivity growth of the commodity sector and the foreign economy. ... Along the balanced growth path, relative
https://www.rba.gov.au/publications/rdp/2015/2015-11/appendix-a.html
Empirical Analysis
25 Sep 2015
RDP
2015-11
For the data to be consistent with the model in estimation we normalise the index of real commodity prices so that it averages 1 over the sub-sample. ... κ. , as we do for the standard deviation of shocks to commodity prices in the later volatility
https://www.rba.gov.au/publications/rdp/2015/2015-11/empirical-analysis.html