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RBA Glossary definition for GDP

GDP – Gross Domestic Product. A key measure of the value of economic production in the economy. GDP is determined in one of three ways: the value of goods and services produced less the cost of production; the sum of incomes generated by production; the sum of final expenditure on goods and services produced plus exports minus imports. An average of the three approaches may be calculated and is also referred to as GDP.

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What Caused the Decline in US Business Cycle Volatility? | Conference – 2005

11 Jul 2005 Conferences
Robert J Gordon
0.66. 0.11. 3.8. Per cent. of real GDP. GDP minus residential structures. ... Table 5: Estimated Equations for Quarterly Changes in the GDP and PCE Deflators.
https://www.rba.gov.au/publications/confs/2005/gordon.html

Internationalisation and the Macroeconomy | Conference – 1994

11 Jul 1994 Conferences
David Gruen and Geoffrey Shuetrim
Base case (no foreign measure). 0.32. 0.31. OECD GDP. 0.32. 0.02. ... Table 2: Australian GDP Growth Regressions (1980:1 to 1993:4). (a). OECD.
https://www.rba.gov.au/publications/confs/1994/gruen-shuetrim.html

The Sectoral Effects of Monetary Policy

16 May 2008 RDP 2008-01
Jeremy Lawson and Daniel Rees
In this section we examine the impact of a foreign shock on the expenditure components of Australian GDP. ... expenditure component of GDP and aggregate GDP less that expenditure component (as in Bernanke and Gertler 1995).
https://www.rba.gov.au/publications/rdp/2008/2008-01/sec-effects-monetary-policy.html
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Financial Conditions and Downside Risk to Economic Activity in Australia

23 Mar 2021 RDP 2021-03
Luke Hartigan and Michelle Wright
We find that more restrictive financial conditions play an important role in explaining downside risk to growth in both GDP and employment and upside risk to changes in the unemployment rate.
https://www.rba.gov.au/publications/rdp/2021/2021-03.html
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A Model of the Australian Housing Market

11 Mar 2019 RDP 2019-01
Trent Saunders and Peter Tulip
A large part of the effect of interest rates on dwelling investment, and hence GDP, works through housing prices.
https://www.rba.gov.au/publications/rdp/2019/2019-01/
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Measuring Economic Progress | Conference – 1995

10 Jul 1995 Conferences
Ian Castles
The ICP divides up … GDP into about 150 detailed categories (approximately 110 consumption, 35 investment and 5 government). ... Yet the real expenditures on gross rent are a significant component of the ICP estimates of real GDP which have attracted
https://www.rba.gov.au/publications/confs/1995/castles.html

Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

15 Feb 2024 RDP 2024-01
Omer Majeed, Jonathan Hambur and Robert Breunig
We control for standard aggregate measures: gross domestic product (GDP), the consumer price index (CPI) and the trade-weighted index (TWI) exchange rate. ... Models have eight lags of growth in GDP, TWI and CPI, and four lags of shocks and dependent
https://www.rba.gov.au/publications/rdp/2024/2024-01/full.html
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https://www.rba.gov.au/publications/rdp/2015/2015-14/additional-files/okun_update.prg

25 Feb 2020 RDP
GDP <- read_abs(series_id = "A2304402X") %>% transmute(date=date, GDP=value) # from 5206.0 Table 1 COE <- read_abs(series_id = "A2302607T") %>% transmute(date=date, COE=value) # from 5206.0 Table ... 003 unempm <- read_abs(series_id = "A84423050A") %>%
https://www.rba.gov.au/publications/rdp/2015/2015-14/additional-files/okun_update.prg

Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

13 Feb 2024 RDP PDF 1260KB
product (GDP), the consumer price index (CPI) and the trade-weighted index (TWI) exchange rate. ... Models have eight. lags of growth in GDP, TWI and CPI, and four lags of shocks and dependent variable.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf

Macrofinancial Stress Testing on Australian Banks

13 Sep 2023 RDP PDF 1940KB
increase in variance of profits as the GDP shock increases is still a linear function. ... Figure 7: Cumulative Loss Rate. By GDP growth shocks and property price falls.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf