Search: aggregate supply

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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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Designing Inflation Targets | Conference – 1997

21 Jul 1997 Conferences
Andrew G. Haldane
Equation (5) is an expectational Phillips curve. Equation (6) is an aggregate-demand relation. ... So this is a standard aggregate-demand/aggregate-supply model. Note, crucially, that there is an explicit one-period lag in monetary transmission.
https://www.rba.gov.au/publications/confs/1997/haldane.html

Japan's Foreign Direct Investment in East Asia: Its Influence on Recipient Countries and Japan's Trade Structure | Conference – 1994

11 Jul 1994 Conferences
Kazuhiko Ishida
The scope of this paper, however, is limited to economic effects, which can be classified into three areas, namely: supply capacity, foreign trade and domestic demand. ... The increase in FDI has influenced the supply capacity of recipient countries by
https://www.rba.gov.au/publications/confs/1994/ishida.html

The Debate on Alternatives for Monetary Policy in Australia

7 Dec 2006 Conferences PDF 85KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/edey.pdf

Central Bank Frameworks: Evolution or Revolution?

4 Jan 2023 Conferences PDF 7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf

Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough?

27 Nov 2006 Conferences PDF 221KB
RBA Conference Volume 2003
https://www.rba.gov.au/publications/confs/2003/pdf/bean.pdf

It Takes More Than a Bubble to Become Japan | Conference – 2003

18 Aug 2003 Conferences
Adam Posen
The theoretical foundations for such claims turn out to be little more than ones of coincident timing – in Japan in the second half of the 1980s, money supply was growing, velocity ... for a sustained period; second, whether growth in a credit
https://www.rba.gov.au/publications/confs/2003/posen.html

Twenty-five Years of Inflation Targeting in Australia: Are There Better Alternatives for the Next Twenty-five Years? | Conference – 2018

12 Apr 2018 Conferences
Warwick J McKibbin and Augustus J Panton
The type of shocks that are not handled well by strict inflation targeting are aggregate supply shocks, such as a surprise fall in productivity or the occurrence of an earthquake. ... But the opposite is true for inflation, with aggregate supply shocks
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton.html

Change and Constancy in the Financial System: Implications for Financial Distress and Policy | Conference – 2007

20 Aug 2007 Conferences
Claudio Borio
point, create their own demand, by making financing terms more attractive, boosting asset prices and hence aggregate demand. ... In a sense, a greater supply of funding ultimately generates additional demand for itself.
https://www.rba.gov.au/publications/confs/2007/borio.html

Competition, Markups, and Inflation: Evidence from Australian Firm-level Data

23 Nov 2023 Conferences PDF 1757KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-champion-edmond-hambur.pdf

Is Monetary Policy Less Effective When Interest Rates Are Persistently Low? | Conference – 2017

16 Mar 2017 Conferences
Claudio Borio and Boris Hofmann
The empirical literature is scant for both nonlinearities in aggregate relationships and in specific channels. ... How relevant this effect is for aggregate macroeconomic outcomes remains an open question.
https://www.rba.gov.au/publications/confs/2017/borio-hofmann.html