Search: aggregate supply
RBA Glossary definition for aggregate supply
aggregate supply – Gross domestic product as measured by the value of goods and services produced.
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References
19 Dec 2023
RDP
2023-09
Caballero RJ (1999), ‘Aggregate Investment’, in JB Taylor and M Woodford (eds), Handbook of Macroeconomics: Volume 1B, Handbooks in Economics 15, Elsevier Science, Amsterdam, pp 813–862.
https://www.rba.gov.au/publications/rdp/2023/2023-09/references.html
Non-technical summary for ‘Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE’
19 Dec 2023
RDP
2023-09
This allows us to explore both the aggregate effects of monetary policy, as well as the channels through which monetary policy affects investment.
https://www.rba.gov.au/publications/rdp/2023/2023-09/non-technical-summary.html
Effect on Expectations with Survey Data
19 Dec 2023
RDP
2023-09
This is evident in the aggregate CAPEX data (Figure 9), as well as with the microdata, where the extensive margin appears to be the more important margin of adjustment (Figure 10). ... Aggregate CAPEX data. Notes: Non-mining. Lighter shaded areas show 95
https://www.rba.gov.au/publications/rdp/2023/2023-09/effect-on-expectations-with-survey-data.html
Results with Tax Data on Actual Investment
19 Dec 2023
RDP
2023-09
However, when using the aggregate investment deflator we find little evidence that contractionary monetary policy shocks lower the price of investment goods (Figure B3). ... This literature measures financial frictions and credit supply in numerous ways,
https://www.rba.gov.au/publications/rdp/2023/2023-09/results-with-tax-data-on-actual-investment.html
Wages and concentration
20 Nov 2023
RDP
2023-02
Some papers use instruments to help identify exogenous changes in market power/supply elasticity. ... It also suggests that aggregate concentration measures may not be sufficient to consider changes in local labour market power.
https://www.rba.gov.au/publications/rdp/2023/2023-02/wages-and-concentration.html
Firms’ Price-setting Behaviour: Insights from Earnings Calls
6 Nov 2023
RDP
PDF
1677KB
supply shocks. Firms’ price-setting sentiment also appears more sensitive to rising input costs. ... aggregate indices from both methodologies can identify significant turning points in the economy.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-06.pdf
References
26 Oct 2023
RDP
2023-07
Download the Paper 1.10. MB. Altavilla C, M Darracq Pariès and G Nicoletti (2019), ‘Loan Supply, Credit Markets and the Euro Area Financial Crisis’, Journal of Banking & Finance, 109, Article ... Blanchard OJ and D Quah (1989), ‘The Dynamic
https://www.rba.gov.au/publications/rdp/2023/2023-07/references.html
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Identification and Inference under Narrative Restrictions
20 Oct 2023
RDP
PDF
1128KB
Identification and Inference under Narrative Restrictions. Raffaella Giacomini, Toru Kitagawa and Matthew Read. Research Discussion Paper. R DP 2023- 07. Figures in this publication were generated using Mathematica. ISSN 1448-5109 (Online). The
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-07.pdf
Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
21 Sep 2023
RDP
2023-09
This can make it hard to identify the effect of monetary policy on investment using aggregate data. ... Sources: ABS; Authors' calculations. Appendix B: Aggregate Data Results. Figure B1: Aggregate Non-mining Investment Response.
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html
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Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
PDF
1940KB
aggregate shock to firm profits. This can simplistically be done by regressing the time series of profit. ... are fixed,14 and this ratio is used to translate GDP growth shocks into aggregate profits growth.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf