Search: PCE

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RBA Glossary definition for PCE

PCE – Personal Consumption Expenditure

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Estimation Results

8 Mar 2017 RDP 2017-01
David Reifschneider and Peter Tulip
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
Peter Tulip
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

Inflation Expectations in Advanced Economies

16 Mar 2017 Bulletin – March 2017
Rachel Adeney, Ivailo Arsov and Richard Evans
Anchored inflation expectations are important for price stability because expectations affect current actions. Although all inflation expectations measures provide some information about future inflation, professional forecasters have been the most
https://www.rba.gov.au/publications/bulletin/2017/mar/4.html

Data

31 Dec 2006 RDP 2006-10
Andrea Brischetto and Anthony Richards
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
Adam Cagliarini and Warwick McKibbin
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

Statement on Monetary Policy

10 Feb 2004 Bulletin – February 2004
The core chain price (PCE) measure of inflation, favoured by the Federal Reserve, is even lower at around 0.7 per cent.
https://www.rba.gov.au/publications/bulletin/2004/feb/1.html

Economic Data Releases and the Australian Dollar

10 Apr 2008 Bulletin – April 2008
Kristina Clifton and Michael Plumb
Furthermore, the release of the personal consumption expenditures (PCE) deflator (released with the personal income and spending data), another closely watched measure of inflation, has no significant impact on volatility.
https://www.rba.gov.au/publications/bulletin/2008/apr/1.html

Economic Data Releases and the Australian Dollar

16 Apr 2008 Bulletin PDF 101KB
Reserve Bank of Australia Bulletin April 2008
https://www.rba.gov.au/publications/bulletin/2008/apr/pdf/bu-0408-1.pdf

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