Search: PCE
RBA Glossary definition for PCE
PCE – Personal Consumption Expenditure
Search Results
Estimation Results
8 Mar 2017
RDP
2017-01
for PCE inflation and the federal funds rate, which are unavailable at long enough forecast horizons for a sufficiently long period. ... PCE inflation, presumably reflecting the greater weight on volatile food and energy prices in the former.
https://www.rba.gov.au/publications/rdp/2017/2017-01/estimation-results.html
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Lessons of the Crisis
10 Dec 2014
RDP
2014-02
the measurement bias in the PCE price series, σ is the standard deviation of the unemployment rate, and the coefficient 22 is chosen so as to minimise the loss at point ... difference between CPI inflation and PCE inflation.
https://www.rba.gov.au/publications/rdp/2014/2014-02/lessons-crisis.html
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Gauging the Uncertainty of the Economic Outlook Using Historical Forecasting Errors: The Federal Reserve’s Approach
27 Feb 2017
RDP
PDF
1444KB
chain-weighted price inflation, and core PCE chain-weighted price inflation (that is, excluding food. ... index in 2000 and the core chain-weighted PCE price index in 2005.
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-01.pdf
Data
31 Dec 2006
RDP
2006-10
Our focus on the US CPI rather than on the PCE chain price index is mostly for consistency with the other economies in our study.
https://www.rba.gov.au/publications/rdp/2006/2006-10/data.html
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The Shocks
8 Jan 2010
RDP
2009-10
Using the core PCE measure of inflation, between June 2001 and January 2006, the federal funds rate was below the standard Taylor rule recommendation by an average of around 125 basis
https://www.rba.gov.au/publications/rdp/2009/2009-10/shocks.html
Fiscal Policy and the Inflation Target
4 Feb 2015
RDP
PDF
847KB
PCE prices, π is the inflation target, and xt is the output gap with a coefficient of 1.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-02.pdf
The Performance of Trimmed Mean Measures of Underlying Inflation
12 Dec 2006
RDP
PDF
328KB
off the bottom of the distribution for the US personal consumption expenditures (PCE) chain price index. ... Our focus on the US CPI rather than on the PCE chain price index is mostly for consistency with the other economies in our study.
https://www.rba.gov.au/publications/rdp/2006/pdf/rdp2006-10.pdf
A Density-based Estimator of Core/Periphery Network Structures: Analysing the Australian Interbank Market
5 Feb 2018
RDP
PDF
1627KB
adjacency matrix:19. CvP CC PP CP PCe e e e e (3).
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-01.pdf
Global Relative Price Shocks: The Role of Macroecnomic Policies
11 Jan 2010
RDP
PDF
199KB
15. 2009).4 Using the core PCE measure of infl ation, between June 2001 and January 2006, the federal funds rate was below the standard Taylor rule recommendation by an average
https://www.rba.gov.au/publications/rdp/2009/pdf/rdp2009-10.pdf
The Performance of Trimmed Mean Measures of Underlying Inflation
27 Mar 2013
RDP
PDF
406KB
off the bottom of the distribution for the US personal consumption expenditures (PCE) chain price index. ... Our focus on the US CPI rather than on the PCE chain price index is mostly for consistency with the other economies in our study.
https://www.rba.gov.au/publications/rdp/2006/pdf/brischetto-richards-final-paper-2007-05.pdf