Search: financial aggregates
RBA Glossary definition for financial aggregates
financial aggregates – A Reserve Bank of Australia data series specifying measures of the supply of money and credit. It includes some or all of: currency on issue; current deposits with banks; other deposits of the private non-bank sector with banks; borrowings from the private sector by non-bank depository corporations; and credit (loans, advances and bills discounted to the private sector).
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Out-Of-Sample Forecasting
1 Nov 1996
RDP
9606
Ratios greater than one suggest that adding the financial aggregate under consideration actually worsens forecasting performance of the system. ... Table 3: Out-Of-Sample Forecasts of Output Growth. Performance of models containing the financial
https://www.rba.gov.au/publications/rdp/1996/9606/out-of-sample-forecasting.html